Guest post by Jennifer K. Halford, Esq.
I was speaking last week with a business owner who suffered through an ugly dissolution of his business partnership. He and his friend had been in business together for over eighteen years. And they never saw the dissolution of their business or their friendship coming.
People go into business with their friends believing that the friendship will endure. And that is often true when the business is doing well and the bills are getting paid.
But what happens when finances get tight and tensions are raised? What if your friend stops contributing her best efforts towards your business? What happens if you disagree over the future of the business?
You don’t have to lose your friend to have a business partner.
You can survive your business and stay friends. You just need to take action now to avoid future problems. Here are five things you must do:
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