I'm Fired..
Out of context: Reply #14
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- johndiggity0
the realities will be:
who is paying the new business guy? is it commission? how is it determined? where are you working/receiving correspondence? how is payment of a job split amongst the members? how are disputes handled? who is liable is someone sues (a lawyer will not represent the group unless it is formalized)? who pays for the attorney? is there insurance? 401k? who's paying for supplies? how is everyone going to file their taxes? are you legal to do that in your state(s)?
i'm not trying to deter you, but if this was easy, none of us would be working for assholes; we'd just go set up own own shops. the reality is that there are a lot of logistics and things that can go wrong (badly) and if this is something you are serious about, it's best to formalize it as an llc or subchapter s corporation, if not solely for the tax implications.
a collective may sound cool in theory, but in reality it's mostly a bunch of people that don't understand business and end up mad at each other down the road.
- you're not detering me. this is exactly why i raised the issue, to get informed feedback :)SteveJobs
- Couldn't have said it any better.luckyorphan