Quote:
Originally Posted by LuvNH
I am surprised there are not more small businesses, perhaps through accountants, to do that. It basically boils down to needing an honest bookkeeper. (I know an accountant who does this for a few people, but she is ready to retire and is long past retirement age herself.)
One para stood out to me Boomer. This one above. I believe our litigious society would inhibit almost anyone from taking on that responsibility. A law suit of this nature could wipe you out.
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No, no...it's totally doable.
1) The first line for preventing any problems or discrepancies is to
conduct the affairs legitimately of the people who are paying you to handle things for them. If so, then, what lawsuit? What's there to sue about?
2) Set yourself up in a LLC (Limited Liability Company), if permitted in the state where services would be rendered for that kind of work.
3) You create a contract with the people you're working for that defines the parameters and limitations of the scope of work being performed. Add an oversight aspect to it....like a family member or attorney who has to get a monthly accounting and description of work performed, etc.
I could do that kind of work and , likely, be pretty good at it. But, I'm already quite busy and probably wouldn't have the patience. That's my Achilles heel.
