Suppose that two of your friends are about to launch a business together with nothing but a handshake. "we'vebeen best friends since grammar school they say. What advice would you give them.

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Lightning

Business

8 January, 00:33

Suppose that two of your friends are about to launch a business together with nothing but a handshake. "we'vebeen best friends since grammar school they say. What advice would you give them.

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Simon Wade · Answer 1

First, it is necessary and ideal to formalize the relationship between two partners, regardless of the degree of friendship between them. For this, the most relevant advice would be to have a proper contract, so that business is legalized and so that each partner has security and support provided in the contract to resolve any situation.

A contract is a super important document for any business, it must have all the rules of conduct in business, as well as the rights and duties of each partner.

It is through the contract that the essential rules that will govern the relationship between each of the parties will be defined, therefore it is necessary that the contract is developed in accordance with everything that governs a company, the activities, responsibilities, ethical and legal conduct and others, so that the company's activities flow as expected.