The traditional marriage service ends with the charge that what God has joined together, let no man put asunder.
That’s great with love, but not so great with money.
Something will likely asunder the business venture.
Yet people pool their money in business, real estate, and investments without a thought to how the partnership will end.
Chances are, it will end, and that end can be very messy and miserably expensive.
My charge to those pairing up for an investment is this:
At the start of any venture involving pooling money, lay out some rules for how you part in the end.
Think of your business wind-up rules as a prenuptial agreement for your business. [Read more…]