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Eric 951 Eric 951 is offline
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Join Date: Aug 2001
Location: Pensburgh
Posts: 5,654
As Fred and others have advised, get the legalities of the business in order now. Decide how you are structuring(partnership, LLC, S Corp, etc) and get it done. Get the business filing with your sec of state, get your operating agreement, speak to your accountant to make certain you have all of the bases covered. The operating agreement you will be working under is key to protect everyone and all contingencies. Make certain you and your partner(s) understand it isn't personal, it is business, because everything may be going great until it isn't.
Make certain you are willing to commit--running your own business isn't easy--there isn't anyone to pass the buck to, and you must be accessible. It can be stressful because it is your responsibility to make sure everything is right. When you are working for someone else, you can leave some of that stress and responsibility at the office when you leave--when it is your business, you carry that with you 24/7.
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Eric
83 911SC/83 944
bunch of Honda 750s
69 Chevrolet C-20 Longhorn (family heirloom)
Old 04-05-2019, 07:36 AM
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