your ideal business?

[JD250]

OP, I have a friend who was a promoter, did very well, hung out with some of the greats of rock and in more recent years has promoted a few christian concerts too, he was fantastic at it and made a bunch of money, very outgoing and outspoken man........long story short.........beware of business partners!! ALWAYS cover your ass even if it's your dearest friend or a relative....ALWAYS protect yourself legally from your partner, don't trust someone else with your future. I've owned a few businesses and can tell you without a doubt that people change and do stupid shit and have different goals and dreams than you and if you don't take control of your dreams and future.....they will do it for you and you won't like the result. You may need a partner, just make sure that you set it up so that they can be legally replaced or eliminated without costing you dearly.

[Times Roman]

OP, I have a friend who was a promoter, did very well, hung out with some of the greats of rock and in more recent years has promoted a few christian concerts too, he was fantastic at it and made a bunch of money, very outgoing and outspoken man........long story short.........beware of business partners!! ALWAYS cover your ass even if it's your dearest friend or a relative....ALWAYS protect yourself legally from your partner, don't trust someone else with your future. I've owned a few businesses and can tell you without a doubt that people change and do stupid shit and have different goals and dreams than you and if you don't take control of your dreams and future.....they will do it for you and you won't like the result. You may need a partner, just make sure that you set it up so that they can be legally replaced or eliminated without costing you dearly.

I'm a CPA and naturally spent several years in public accounting. I hve seen plenty of partnerships and done their tax returns. you would be shocked at how many viable partnerships lack a written partnership agreement. Best friends go into partnership with a handshake, and next thing you know, there is a misunderstanding, and best friends turn into adversaries. It's a shame really. Never, Never, Never go into a partnership unless everything is spelled out in writing, and then have an attorney check it to make sure nothing is overlooked.