🎥 How to Avoid Partnership Disputes

🎥 How to Avoid Partnership Disputes
Your fast guide to smart, drama-free partnerships

👉 LLCs get the spotlight, but a partnership might be your better bet... if you do it right.

💡 Why it matters:
Disputes can wreck your business. A solid partnership agreement protects you before trouble hits.

📌 5 key moves to avoid chaos:

1. Write it down:
   Draft a clear partnership agreement (don’t default to state rules).

2. Spell out the big stuff:
   ▪ Ownership shares
   ▪ Profit + loss splits
   ▪ Decision-making rules
   ▪ Dispute resolution
   ▪ Exit plans

3. Talk it out:
   Early. Often. Clearly. Transparency builds trust.

4. Plan for conflict:
   Use ADR (Alternative Dispute Resolution) ~ think mediation over messy lawsuits.

5. Future-proof it:
   Cover life events like death, divorce, and illness. Don't let an ex become a surprise co-owner. 😬

🧠 Pro tip:
Involve a lawyer early. Fixing legal messes later costs way more 💸.

✅ Smart partnerships start with smart planning.