Andrew L. Howell - Don’t Invest in a Business With Family

BIO: Andrew L. Howell is a Co-Founder of the Salt Lake City law firm York Howell, known as one of Utah’s fastest-growing companies. STORY: Andrew was convinced by his second cousin to enter a business deal with him and another family member. They took out a loan of $1.7 million. The business was a flop, and the two partners abandoned him, leaving him to bear the burden of repaying the loan. LEARNING: Don’t get involved in a business you’re unwilling to invest your time and effort into. Don’t bring partners into your life if you can avoid it. Avoid getting involved with family members.   “Don’t bring partners into your life if you can avoid it. If you can do something on your own, do it.”Andrew L. Howell  Guest profilehttps://www.linkedin.com/company/york-howell/ (Andrew L. Howell) is a Co-Founder of the Salt Lake City law firm https://www.yorkhowell.com/ (York Howell), which is known as one of Utah’s fastest-growing companies. Andrew has built a successful practice throughout the United States with respect to estate planning, asset protection planning, probate, and estate administration, charitable giving, sophisticated business structuring and transactions, and tax planning. Andrew is most passionate about the family legacy planning that he assists his clients with, and he has a specific focus on ultra-high net worth families and business owners. He is also the co-author of the book, https://amzn.to/3Eoo2zK (Entrusted: Building a Legacy That Lasts), which features seven core disciplines of successful wealth transfer of high-net-worth families going back hundreds of years. He is also the co-author of a follow-up book, https://amzn.to/3e8x9tE (Riveted: 44 Values That Change the World. ) Entrusted has been very well received by the estate planning community and has led to recent speaking engagements with attorneys on the future of estate planning. Andrew is routinely recognized as a Mountain States Top Lawyer. Utah Business Magazine named him among Utah Legal Elite from 2011 through 2016. The Na