How is your buy/sell structured? Are you the majority or minority stake holder? Do you have provisions that take into account a possible divorce among one of the partners? Did the partners' spouses have to sign the agreement as well?
This is the *****t// part about starting a business with someone. Have been walking around for last few months thinking about nothing but the po$itive$ and all the potential the future holds and now I'm having to think about all the worst case scenarios and what if's. Didn't know hammering out an OA with someone I know, like and trust could turn into such an arduous and expensive process. Keep trying to remind myself that just like good fences make good neighbors; good contracts make good partners.
This is the *****t// part about starting a business with someone. Have been walking around for last few months thinking about nothing but the po$itive$ and all the potential the future holds and now I'm having to think about all the worst case scenarios and what if's. Didn't know hammering out an OA with someone I know, like and trust could turn into such an arduous and expensive process. Keep trying to remind myself that just like good fences make good neighbors; good contracts make good partners.