Preparing partnership, operating, shareholder, or buy-sell agreements with business co-owners at the start of a business that deals with

• Respective contributions to the business and share of ownership in it.
• Who will provide funding for the business and how will those funds be provided?
• Decision-making prerogatives of individual owners.
• How the profits and losses of the business will be divided
• What happens if one of the owners dies, becomes disabled or incapacitated, gets divorced, or wants to leave the business?
• What happens when the business ends or is sold?

If you don’t have a written agreement, you may find yourself and the other co-owners involved in lengthy and costly disputes that could wind up destroying your business.