It seems so simple and equitable. Two friends (or colleagues) decide to go into business together and split everything 50/50. Decisions, profits, everything-right down the middle. In the beginning, this arrangement probably worked well. But, with the passage of time and experience, this arrangement might not be ideal. Partners find...
What’s What With Ownership Agreements
Businesses with more than one owner need strong Ownership Agreements. Simple as that. It's rare that we meet a company with multiple owners, and find that important document is in order. Some companies rely on handshakes that took place decades ago. Others may have outdated contracts that don't fit the...