I’m not trying to give your business partnership the evil eye–I’m just saying that you’d be wise to think about what would happen if you (or your partner) needed to leave the business. How would you handle the details? What would you pay for the ownership interest? Who has the rights to the intellectual property or the client base? Take a look at my Entrepreneur online article, “When Business Partners Part,” which outlines the top 6 issues that you’ll want to address at the outset . . . and not wait until they happen.
When Business Partners Part
Nina L. Kaufman, Esq.
Nina L. Kaufman, Esq., owner of Ask The Business Lawyer, is an award-winning business attorney, speaker, and Entrepreneur Magazine online contributor. She saves consulting and professional services companies time, money, and aggravation by serving as their outsourced legal counsel.
