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Going into Business with a Partner

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  • Going into Business with a Partner

    Hi everyone,

    I'm going into business with a friend, and both of us are married (not to each other). I was wonderin what type of business arrangement will i be entering to best protect my interests, and how will i set up a system to solve problems in case of disuputes, death or divorce.

    thank you

  • #2
    Re: Going into Business with a Partner

    You can have a partnership or or shreholders agreement; see some samples and you will see all of the issues that you should think about. Hire counsel if large amounts of money are at issue.

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    • #3
      Re: Going into Business with a Partner

      Where abouts can i find these samples? This business is a low cost business, and right now, i'm trying hard to prepare myself with the legal aspects of the business before i seek any professional legal counsel, so i don't waste much time and money on it.

      Thank you

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      • #4
        Re: Going into Business with a Partner

        you might also click on home at the top of this page and then see "Legal Forms"

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        • #5
          Re: Going into Business with a Partner

          Partnerships are like marriage, they either work well and you are happy for 40 years, or they fail and eventually your relationship ends. You are best served to have a shareholders agreement completed by a professional and ensure there are reasonable, agreed upon exit strategies so there are no hard feelings should the venture not succeed, Your friendship should then survive.

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