Going into business with friends, maybe. What does the law say?
December 8, 2012 4:58 PM Subscribe
Four friends are embarking on a creative endeavor, which may turn into a business. We just finished making up a logo and are about to purchase a web domain. What sort of legal actions/responsibilities should we be doing to protect all parties and fulfill all legal requirements in the American state of Georgia?
posted by anonymous to Education (5 answers total) 2 users marked this as a favorite
This endeavor may turn into a production studio for tv at some point down the road, but at the moment it's just four friends deciding to work together on some ideas. We've each put in work in different areas and overlapped in others. With paying for tshirts to put the logo on, someone outside the foursome mentioned keeping receipts and books and we all kind of looked at each other and realized we didn't know what to do legal wise or what we don't know that we should know. Should we be taking legal courses? Each of us retaining a lawyer? Following a general course of action? We don't have a lot of financial resources and this is more of labor of love. But who knows in the future?