Partnership Question?

edited 30 November -1 at 1:00AM in Small Biz & Charities' MoneySaving
1 reply 498 views
airwalkairwalk Forumite
109 Posts
I am in the process of setting up a ebay business with my parents. Spliting all cost and profits 50/50. Currently everthing is set up in my dads name.
Does anybody Know how we need to go about setting up a partnership if we need to and what costs would be incurred?

Thanks Dan
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Replies

  • windsweptwindswept Forumite
    1.4K Posts
    Anyone can set up a partnership at nil cost just by registering with hmrc as such - that's all me and my hubby have done.
    I would imagine making everything legal, with % splits etc. would cost a couple of hundred ££s.
    "There is a light that never goes out"
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