Quote:
Originally Posted by PostandIn
Reading between the lines of your post it appears you've been down this road already but the importance of a Unanimous Shareholders Agreement can't be overstated. How business-critical decisions are made (i.e. who makes them), apportionment of dollars (+/-) and a shotgun clause (or other binding dispute-resolution mechanism) are all key pieces. In the final analysis each party in a partnership operates out of economic self-interest so a lot of potential grief is avoided when the terms are known from upfront. Lawyer involvement to draft and bind the agreement with you and the partner(s) is also a good plan. Good luck. Working for yourself can be hugely rewarding.
|
Couldnt agree more.
The very first words out of my Business Law Professor's mouth were:
"Never get into a Partnership."
Now, obviously thats hyperbole, but the point is be very particular and dot your 'i's' and cross your 't's' on an ironclad, well understood and mutually acknowledged partnership agreement.
Its worth your weight in Gold.