Ok, maybe enemies are not the logical choice as business partners, but sometimes it can be easier than doing business with friends.
Going into business with friends always sounds like a great idea. You would get to work with someone you like, have fun and bounce ideas off one another. However, going into a business with a friend opens up complex and sometimes conflicting personality traits and viewpoints.
Before you go into business with a friend, make sure you hash out all the important details, like who is going to contribute how much money and what assets to the business, how much of the business each person owns, what happens if there is a disagreement or someone wants to leave the business. Thinking about these things before doing business or setting one up can save you a lot of headaches down the road and prevent you from wishing you did business with your enemies instead!
Sarah E. Holmes is a Philadelphia business attorney and strategist that helps start ups and established businesses looking to expand, protect their assets and increase their profits in an approachable, down-to-earth way. When you're looking for a business lawyer near you, we offer several convenient locations.