Going into business with someone you trust is exciting. Talking about what happens when you disagree? Not so much, but it might be the most important conversation you’ll have!
A 50/50 split sounds fair, until the day you want different things. Maybe one of you wants to reinvest and grow while the other wants to take profits. Both are reasonable! But without an agreement that spells out ownership, decision-making, and what happens next, there’s nothing to fall back on.
In this short, we show that the importance of a partnership agreement isn’t a sign of distrust. It gets your goals on the table early and keeps a great partnership from turning into a messy business divorce.