You've always dreamed of starting your own
business—find the perfect partner, rent a great space,
produce beautiful widgets together. If your business plan sounds a
bit like a wedding fantasy, that's no coincidence. And while
most marriages don't need or involve a prenup, the opposite is
true when two or more entrepreneurs get together in a business
venture.
When deciding to go into business together to follow a dream,
not enough people do a reality check before tying the knot.
You've got a unique product or service to offer, you've
raised capital, what more can you need? You need to establish the
terms of your ultimate separation with your partner (or partners).
You may not be thinking of this on the front end, but even if your
business succeeds, your original organization may not. The
priorities in your business may change over time, you may take on
new partners, and each of the original owners will want out at some
point. The goal should be to manage your
