Yeah things can get really complicated when you go into business with a friend. Money can turn someone you ve known your whole life, your best friend... into an enemy and it s really tuff sometimes.But that s not to say that things can t go well and that it won t improve your life and help you reach your goals, I know and have worked with many people in business with there friends/family members and etc.Depending on the business I would talk to a lawyer and get some official documents written up in terms of ownership, profit sharing, and expenses. The best thing to remember is to be prepared for anything!Good luck, I hope your business works out!
Everything is important when 2 or more people start a business. You need to consider all that goes into a business. Not knowing what type of work it is will limit answer details but iron out the details prior to doing this, you d be surprised the simplest things that can make a friendship turn ugly working together.
Search online for partnership agreements. There are some good templates out there. The best thing to do would have an attorney draft one. At the very least, if you draw it up yourself, you should each have an attorney look over it.
