Do friends typically make good business partners?
If you and your best friend are under the age of 30 have at it as it will be much more fun and 2 are better than one. Just remember it is like a marriage so a prenuptial agreement is still a great idea.
5 MUSTS IN EVERY PARTNERSHIP AGREEMENT (ESPECIALLY WITH FRIENDS)
- How you will both get paid and how much
- What responsibilities you both have and consequences for not fulfilling these.
- Who breaks ties between you both in a disagreement.
- How much to buy each other out.
- In the event someone just leaves the business they should get no more than what they put in.
