I do this with my sister and niece. We can share our books then, but yet my niece doesn't get the racey urban fantasy or pnr books. The nice thing is you only need to enter your name and credit card number once and it will be remembered on the device.
Also, you can do this with the Aldiko app for Android. Just go to open a B&N book on your phone or tablet with Aldiko and it will ask you for the name and credit card number you used to purchase the B&N ebook. This way I only use one app for all of my books, B&N and other non drm epub books.
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