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Ask Dave

Selling Ice Cream

The listener and her daughter can still have a sole proprietorship and split the profits of their ice cream business.

QUESTION: Listener and her daughter want to sell ice cream from her boat. Should they make it a partnership or an LLC?

ANSWER: It should be neither. Just sell some ice cream. One of you own the business and the other makes half the profits as the employee. Just have a sole proprietorship.