Compass Point Bulletin: Yours Mine and Ours- The Partnership

You enter into a partnership with your best friend because you have a great idea for a retail store that will sell everything imaginable. You’re excited, you each put some money into the venture and you’re off- leasing space, buying products and opening your establishment

Few months later you feel you are doing all the work while your so-called best friend breezes in and out whenever it is convenient. What are you to do?

You need a partnership agreement. When you create an agreement or contract together then you can decide:

• How many hours will you work?
• When will the store be opened?
• What if someone wants to leave the business?

Legal coaching can help you make these decisions and much more. With a partnership agreement you can be on the same page with your partner and run that successful business without the drama that is sure to happen without an agreement.

Contact True North Business Consulting today.