Before you get into a business partnership, while everyone is smiling and optimistic, put in writing how the two of you will end this partnership should the tim

Before you get into a business partnership, while everyone is smiling and optimistic, put in writing how the two of you will end this partnership should the time ever come. Things happen. They aren't who you think they are. Or maybe they suddenly decide they don't want to lift a finger, but they still get 1/2 the profits. And since it is a 50/50 partnership you can't even insist they let you buy them out. Or maybe they are a great partner but they die in a car wreck and their spouse is a nightmare who just wants the business sold, now. Even if it wrecks your life. Be very wary of 50/50 partnerships without clear escape clauses.