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Married Co-Ownership or General Partnership?
by whitemtr2000, Window Shopper
- Created: July 27, 2009, 8:47 pm
Hello everyone!
Me and my wife just this month registered a DBA and now getting all the other paper work and bells and whistles ready.
I have a whole bunch of questions but my main question is this:
If you are married, do you have to register the DBA, seller's permit, etc as married co-ownership or is general partnership alright as well?
Me and my wife will be partners and owners as well, so what do I choose on the sellers permit? owner/co-owner or partner. Whats the main difference? What tax implications does either one have? Whats easier to deal with paper work wise
Some background:
We are in California in the county of LA in the city of Agoura Hills
It is a resale/wholesale clothing business
It is strictly internet sales
It will be ready in about a year (once all the funds are in order and I have designed the site exactly like I want it)
Here is what I think I need to fill out paper work wise and whatever else i need but any other suggestions are greatly welcomed:
1: Register DBA (already done)
2: Do 4 week advertisement (done)
3: Go to BOE and get seller's permit
4: Get LA county business license (is this the same as the business tax application)
5: Business registration application for the city of agoura hills
6: Get a business checking account.
I think that is the main stuff for right now. Again though on number (3) I'm not sure if its the same thing, but I dont think so.
Thank you in advance to anyone and everyone that can help me out.

jayjensen | Performer | 7/28/2009 - 12:49 am
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