 Re: Newbiest Q's Plz Help
I do have to add that you do have to be careful about partnerships, even ones in family. i dont want to damper yuor business thoughts of glory, which I am sure you will taste, but I grew up seeing my family's business go from thriving to the point where buying a factory was in the plans, to divorce and settlements, not to mention no more spoiled kids. LOL just kidding
So til today I have learned, and grown up in and seen, many many valuable lessons about this.
My main point to those who go ino partnerships is to really communicate to each other about your expectations UPFRONT and agree to stick to them, and I would definitely involve a contract as to 50/50 because if something goes wrong, trust me, it will be messy. I am also now seeing and living through my boyfriend's partnership dissolution between him and his partner. Both are filmmakers and their film is on halt until the messes cease.
Again, not being pessimistic, but just be very professional!
Good luck! |