Dear Friends and Family,
Our dream of starting a small business is getting closer.
We have a name. We have agreement on the basics of our partnership agreement - how we split the money, what happens if a partner wants out, and what happens if a partner dies. We're looking for a lawyer and we're looking at software to manage our finances.
My goal for September is to have a legal entity created, have a bank account opened and be able to process transactions. The first transactions will be dummy transactions - just to make sure we can do the simple things right (like bill a client and pay a vendor) then we'll add on more complicated things like pay an employee. And, then the fun begins.
I'm not sure if this will be a viable business which is why it's currently a weeknight/weekend venture. If it grows into something big, then I'll take the leap into it being a full time job. We'll see.
Cheers!
mouse
Our dream of starting a small business is getting closer.
We have a name. We have agreement on the basics of our partnership agreement - how we split the money, what happens if a partner wants out, and what happens if a partner dies. We're looking for a lawyer and we're looking at software to manage our finances.
My goal for September is to have a legal entity created, have a bank account opened and be able to process transactions. The first transactions will be dummy transactions - just to make sure we can do the simple things right (like bill a client and pay a vendor) then we'll add on more complicated things like pay an employee. And, then the fun begins.
I'm not sure if this will be a viable business which is why it's currently a weeknight/weekend venture. If it grows into something big, then I'll take the leap into it being a full time job. We'll see.
Cheers!
mouse
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