Good news everyone! I finally took the leap in registering Radford Auctions as an official company, a general partnership, and will hopefully be receiving notification in a couple weeks letting us know that everything is complete and we are a fully registered company. I have already filled out the Tax ID Number form at the IRS website, which instantly gives you your Tax ID Number. Once we get our registration completed, we will be able to set our business bank account up and really get Radford Auctions rocking and rolling.
On a side note, I recently wrote an entry about free press and how Radford Auctions was featured in a front page article in my school newspaper, The Tartan. I just wanted to share that good results are coming from that article as well. I have been receiving about 2-3 emails per week in reference to our eBay listing services.
Just wondering why you opted for the partnership instead of an incorporated company. Just to share a story I started in a partnership and it ended in tears because its always really hard to split up. If you are entering one I suggest you document your exit strategy before you sign the papers.
Fred