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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?

Answered by: admin  — 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.

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