My sister-in-law and I have started our own business as wedding planners and floral designers. Our business is only a year old but we've already obtained a good clientel. This business is home-based and I was wondering if we need to fill out a General Partnership form. Also, do we need to obtain an employer tax id? Thanks for your help!
Do I need to fill out a General Partnership form in the state of California?
I would NEVER form a partnership ... too much risk ... if you get sued, your personal property is at risk. Instead, form an LLC or s-corporation.
Check with a local accountant.
And, yes, you will need a Federal EIN.
Bad Breath
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment