He is very good at the HVAC biz; everywhere he goes people demand only him to work on their equipment (residential mostly)
But I"d be lying if I said I don't have concerns since NYS is most hostile to the biz.
He's stb 48 yrs old with approx 10 yrs experience. I have a full time job that I would be keeping.
Any advice?
The child support complicates thing. During lean times if he misses payments he can potentially be jailed. That is not good for business. Be prepared for that. Once he pulls the trigger every bridge he ever had in HVAC is burned. There is no going back. And be ready for no days off for years to come. I have been at this current project (manufacturing) without a day off in five months. Burnout is real. Also be prepared for the emotional toll. As a business owner you are hated by the government. You are never anything more than an ATM to them.
Good lick.
We had a similar situation. I was on the hook for child support. Had an opportunity to do IT contracting for a niche market. We created an S-corp with the wife as the owner, me the employee. She did the accounting/taxes and I did the work. She also had a good paying full time job which made it easier to take the chance. We were very blessed to make enough to pay out all the child support, pay off our house/cars, and put our three kids through college. Looking back, one of the best moves I ever made.