Recommend Our Site to Your Friends!

Print This Page

Date:  Sun 13 May 2001
From:  Raymond Caron

I want to know what risks I will be taking if I leave my present job and join an associate in painting houses and sharing the profits.

Answer

Date:  Wed, 25 July 2001

Hello Raymond,

There are many risks of going into business.

One is you may be sued by a customer for damaging their property or if they are unhappy with your work.

As a business owner, there is also a risk that your income will not exceed your expenses.

For more details, I suggest that you consult with an attorney that works with small businesses.

If you need a referral, please call me at 408-918-3161.

Good luck!

Mike Gray

For answers to more business questions and information about new tax developments, subscribe to our newsletter, Michael Gray, CPA's Tax & Business Insight!