Do I have need of to cram out a General Partnership form contained by the state of California?

My sister-in-law and I hold started our own business as nuptials planners and floral designers. Our business is singular a year frail but we've already obtain a well brought-up clientel. This business is home-based and I be wondering if we necessitate to crowd out a General Partnership form. Also, do we call for to search out an employer due ego? Thanks for your sustain!

Answers:
I would NEVER form a partnership ... too much risk ... if you draw from sued, your personal property is at risk. Instead, form an LLC or s-corporation.

Check next to a local accountant.

And, yes, you will requirement a Federal EIN.

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