Feras Alhlou walks through why startup partners need a written agreement before things get messy. It covers ownership stakes, who decides what, what happens if someone leaves or dies, and how to bring in investors without blowing up the deal.
Hire an attorney who will help you develop a partnership agreement, an operating agreement that determines who is going to call which shot, who's going to own what, what happens if this person wants to leave, what happens if this person is hit with a bus, what happens if you want to bring an investor and your partner doesn't. These partnership agreements will become very handy, especially after the honeymoon period of starting a business.
