- Total posts: 124
Thanks very much for your advice.
Looking thorough partnership agreement I’m stuck at an exit plan what are some examples. Eg how would you know what to do if one partner wanted out. What you have to pay to buy there share if not much has happened in the business yet and then later down the track.
Also when working out how long profits go back into the business
Im thinking 50% costs 50% profits
Once made $10,000 profit then see a lawyer to get professional partnership agreement made
All profits from first sale made go back into the business then we revisit and see where we go from there
We meet every tues and thurs pm to go through stuff as well as spend X amount of time each week doing or own part of the business
Have set things we do
does this sound ok