Randy and Mandy plan to pool their money and musical talents to form a general partnership and begin booking weekend gigs.One of the first things Randy and Mandy should do is:

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Before starting any business partnership, it is important to consult with an attorney to ensure that both parties understand the legal and financial implications of the partnership. Putting the agreement in writing will also help to prevent any misunderstandings or disputes in the future. While finding venues to book gigs is important, it should not be the first priority before establishing a solid legal foundation for the partnership. The partnership formation fee and limited liability paperwork may also be necessary, but they are not the first step in forming a partnership.

Randy and Mandy Plan to Pool Their Money and Musical