Before you and your partner start up your new business, you should consider creating a partnership agreement. A partnership agreement can be a useful tool to prevent unnecessary turbulence for your business by setting out plans for how to navigate various situations that may arise. It can also be helpful in avoiding miscommunication between you and your partner.
Small business owners face a number of challenges to keep up with bigger corporate competitors. Trying to meet these high expectations can feel daunting, but the success of your business is worth the added effort.