Poly(1-methylpyrrole-co-squaric acid) (PMPS) and poly(1-dodecylpyrrole-co-squaric acid) (PDPS), copolymers of the class of polysquaraines, were synthesized and their structure determined by UV-VIS-NIR, resonance Raman and surface-enhanced Raman scattering (SERS) and electron paramagnetic resonance (EPR) spectroscopies. The spectroscopic results led to a structure different from that proposed in the literature, having radical units localized in the protonated squarate moieties and polypyrrole dication-like segments. The resonance Raman profiles indicate the presence of two chromospheres that are consistent with the electronic data. The Raman assignment was supported by density functional theory (DFT) calculations.