What is the name of your state? North Carolina
My mother and I are trying to enter in to a Limited Partnership - me being on the business end of it, and my mom on the investing end. Would it be easier to do it this way, or to do a Sole Proprietorship? Basically, my mom is going to be getting the loans/money for the business and I'll be doing the rest. Also, are there legal forms or papers that need to be filed when doing either of these? I know we have to go through all the name stuff and business licenses and tax forms, but as far as us working together and her getting the loans for the business, is there anything else we need to file??
Thanks!!
My mother and I are trying to enter in to a Limited Partnership - me being on the business end of it, and my mom on the investing end. Would it be easier to do it this way, or to do a Sole Proprietorship? Basically, my mom is going to be getting the loans/money for the business and I'll be doing the rest. Also, are there legal forms or papers that need to be filed when doing either of these? I know we have to go through all the name stuff and business licenses and tax forms, but as far as us working together and her getting the loans for the business, is there anything else we need to file??
Thanks!!