This content has been marked as final. Show 1 reply
If none of your are good at math, chances are you would struggle to manage your finances properly. So, yes, you should hire a professional to handle this aspect of your business.
When you mention, "There seems to be quite a bit of interest." is there enough interest to support the costs (overhead) you will have as a business? Have you done any research to check on the competition, the demand in the market, how you will market to them, what that will cost ... ?
The lawyer will tell you his rates.
You should create a partnership agreement detail each partners role and responsibilities within the company, how profit sharing will be split, what the company will pay as a salary to each, etc... Make sure you have this agreement in place before you start if you plan on turning this into a serious business and not just a side hobby making a few extra dollars. While you all may be friends not, business has soured many a friendship when problems and conflicts arise ... as they always do. When this happens, it's best to go back to the original agreement instead of fighting over who deserves what.
I hope this helps.