In general this sort of site gets sued a lot. For the exemplar site see RipOffReport which has almost more lawsuits than posts it seems. So if you run it for any length of time be sure to have a good legal team already in place.
The other thing is that there is an endless supply of bad business deals gone wrong so any individual deal that went south may make the person venting feel better (until they are sued) but they don't contribute to the overall success rate of other folks (except perhaps if they are also dealing with a specific individual or business mentioned).
Contrast this with the Nolopress (www.nolo.com) guys who, by example, provide both tools to successfully navigate what may be new territory and provide suitably anonymized examples which demonstrate the problems that you want to prevent. That is a positive outcome to a bad experience, which is shared learning and signs of things to avoid.
I worked on a similar project a while back and definitely got legal threats constantly. Not one ever followed through but I grew tired after a couple years of dealing with it.
The other thing is that there is an endless supply of bad business deals gone wrong so any individual deal that went south may make the person venting feel better (until they are sued) but they don't contribute to the overall success rate of other folks (except perhaps if they are also dealing with a specific individual or business mentioned).
Contrast this with the Nolopress (www.nolo.com) guys who, by example, provide both tools to successfully navigate what may be new territory and provide suitably anonymized examples which demonstrate the problems that you want to prevent. That is a positive outcome to a bad experience, which is shared learning and signs of things to avoid.