On Fri, 19 Dec 2014 12:05:05 -0800, mogulah wrote:

Bob La Londe wrote

"Ignoramus11878" wrote in

I am just wondering what do you think about the prospects for that
business idea. Maybe you are, were or know someone with that sort of
business plan and know how it worked out.
Â*
I do have some opinions about it, but I will withhold them to see what
you think. I just laid out pertinent facts.
Â*
Liability can be mitigated a number of ways. Â*An attorney can help him
with a simple service agreement for work that includes a limitation of
liability depending on the type of work he does. Â*Insurance is not
required most places, but he can weigh the risks and make his own
choices.

Difficulty in business is best resolved beforehand.

Would an attorney even want to work with a firm that has no full time
accountant working there, for example? Would a bank want to make loans
to such a company that has no full time lawyer working there? Would an
accountant wish to work with a company having less than a certain number
of employees or level of gross earnings? Would an insurance company
trust a client that didn't have all of these things? If not, you can
understand why insurance rates might skyrocket for your operation.

Well, in my case, yes, yes, yes and yes. There are one-man shops all
over, and there are attorneys, accountants, banks and insurance companies
that cater to them.

You have to look at your business prospects through the eyes of those
you work with, too.

This is true -- but just because you're a one-man operation doesn't mean
you'll be painted black.

--

Tim Wescott
Wescott Design Services
http://www.wescottdesign.com