What can I do if my business partner and I are fighting?

  • What can be done if you and your business partner are fighting?
  • The first thing to do is to work hard at remaining as friendly as possible
  • But the most important preventative measure is to have a written contract with your partner
  • The contract is an operating agreement, a shareholder agreement, that establishes the boundaries of your business relationship
  • A written contract is the best way to prevent litigation
  • Do not just download something off the Internet; you will miss provisions that prevent lawsuits
  • Partnership lawsuits are very expensive, and the partner stealing money often wins because they have the money to finance the lawsuit and the other partner doesn’t
  • So: use an attorney to develop a specific, written partnership contract.