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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Consulting an attorney and putting their agreement in writing will help Randy and Mandy establish the terms of their partnership, such as responsibilities, profit distribution, and decision-making processes. It will also help them avoid future misunderstandings or disputes. While sealing a deal with clubs is important, it should not be the first thing they do before establishing their partnership's legal and operational framework. Paying a formation fee or filing limited liability paperwork may be required depending on the state and the type of partnership, but these steps can come after consulting an attorney and drafting a partnership agreement.

Randy and Mandy Plan to Pool Their Money and Musical