Jan 11
28
Question by Dreamangel: my friend is thinking of starting up her own business and asked me to join her.?
we have worked together so we are really colleagues not friends out of work. she asked me to join her to set up an introduction agency. not an online one, but one where we would meet our clients face2face.
We have made up our own business plan, like what we’d offer membership plans. but we are unsure of the marketing and how to drum up the first two important clients! who can we turn to for some advice.?free is best at the moment.
I am not worried about our friendship as I said we have worked together for over 5years now and we do work very well together. I just need advice on how to move on from our drafted business plan really. thanks
ok most of you are focusing on the partnership? I still need to employ staff right, so I am going to have to work with other people? so what you are saying is that I can do this on my own? really? mmh.I understand that alot of people would fall out over money issues,but I see it as half the worry of the business, having someone else to help you work things out?
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Best answer:
Answer by Scouse
If you decide to do so, have a proper Partnership Agreement drafted by a solicitor maybe with a limited liability clause making you a limited company or partnership. You are fine now but a business relationship is a different and harder one than a work friendship, that expense now may save you heartbreak in later years when say for unforeseen circumstances the partnership breaks up. if you are married do not let your spouse do the books.Do them yourselves but pay an Accountant he will save you more than his fees in tax savings if you are successful
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