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What would be the best way to start an online ebay store? Sole proprietorship or partnership? |
I want to help my adult son start an online business. Even though I would be helping, I would basically work for free. It would be his business. The answer to this might seem to be common sense to some, but I was going to help him with buying the wholesale products. I could order online with him, but any telephone work, I would probably do, since he is not the best communicator. Will wholesalers work with me, if I am ordering for him with his address and his account (kind of like a secretary)? What about trade shows? Would they let a helper (mom) in with the business man? Also, if we do decide to become a partnership, would we both have to pay self-employment tax, doubling the amount of self-employment tax that otherwise would be owed if it was just a sole proprietor business? Income for the first year at least would be very low. Once the business gets established, he will probably be able to do much of it himself. Thanks for your guidance! Here is an online Dollar Store you can own. Your question is a bit tough and has many dimensions to it : ) But from experience I think wholesalers will definitely work with you because he is not so experienced yet. And yes, I think it is a good thing to say and go about that you are his secretary. That way they can definitely work with you. At the trade show, say you are the secretary/assistant : ) I wish you and him lots of luck! HI Joyce , LISTEN to ME hard hear ! |
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