Joey Camb
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lady we have known for a very long time is thinking of going into business with her friend ( 2 women will run the B&B and husbands will carry on working) have asked me for advise - feel this is a disaster waiting to happen.
Things I have pointed out are
(1) who is doing what?
2 - is the money equal etc
3 where will you all live?
4 - getting out - what if one couple wants out? what if one isn't pulling their weight? what if one gets divorced and so on - you need to have a legal document covering all these things so there is no confusion.
Any other thoughts? and does anyone do this successfully? any tips?
Things I have pointed out are
(1) who is doing what?
2 - is the money equal etc
3 where will you all live?
4 - getting out - what if one couple wants out? what if one isn't pulling their weight? what if one gets divorced and so on - you need to have a legal document covering all these things so there is no confusion.
Any other thoughts? and does anyone do this successfully? any tips?