Working with a partner has it's obvious benefits, but it also comes with risk. People can change their minds. Personal situations can come up that make it so a partner can no longer participate in your business. Whatever comes up, attorney Nina Kaufman suggests having a legal written agreement that outlines what to do if a partner bows out or if the relationship falls apart.
Nina L. Kaufman, Esq. is an award-winning New York City attorney, edutainer and author. Under her Ask The Business Lawyer brand, she reaches thousands of entrepreneurs and small business owners with her legal services, professional speaking, information products, and LexAppeal weekly ezine. She also writes the Making It Legal blog.