Small E-business in NY state
Asked by: Margaret - 13 October, 2012
My daughter and I want to start an online buisness making and selling custom made hand painted clothing and bags. What kind of business would this be? Sole proprietor, DBA, can i just use my SSN? Just looking for the least expensive way to go in NY state?
My daughter and I want to start an online buisness making and selling custom made hand painted clothing and bags. What kind of business would this be? Sole proprietor, DBA, can i just use my SSN? Just looking for the least expensive way to go in NY state?
Answered by: Robert Kowalski - 13 October, 2012
Dear Margaret,
The least expensive way to do it together with your daughter in New York is to form a General Partnership (by drafting a simple partnership agreement), and registering a DBA in your county of residence. Since its a partnership you won't be able to use your SSN, and instead you would need to obtain an EIN.
Dear Margaret,The least expensive way to do it together with your daughter in New York is to form a General Partnership (by drafting a simple partnership agreement), and registering a DBA in your county of residence. Since its a partnership you won't be able to use your SSN, and instead you would need to obtain an EIN.
