Unlike a marriage, a business partnership doesn’t involve making vows about working together until death do you part, but that is an implied part of an agreement in many cases. Business partners may negotiate certain terms for a buyout in their contract with one another, but they will likely intend to continue working together until… Continue reading What happens when one business partner dies?
Tag: Business Succession
Why partners need a contract when starting a business
Partnerships can be born out of single conversations wherein people realize they have overlapping interests. A good business idea and a desire to work together are all that is truly necessary for a successful business partnership to begin bearing fruit. However, having the right paperwork is also crucial for long-term success. Partners must have a… Continue reading Why partners need a contract when starting a business