Start­ing a busi­ness with co­founders is like get­ting mar­ried. A busi­ness, like a mar­riage, needs com­mit­ment, love, and trust to sur­vive. Un­for­tu­nate­ly with over 90% of busi­ness­es fail­ing, more than half of cou­ples get­ting di­vorced, there is ob­vi­ous­ly very lit­tle com­mit­ment, trust, or love.
You need to pro­tect your­self

Most founders choose not to have an of­fi­cial con­tract or “prenup” with their co­founders for var­i­ous rea­sons, in­clud­ing:

  • “He/she’s a good friend. They’ll nev­er screw me over!”
  • “I hate con­tracts and legalese. I just want to have fun while mak­ing mon­ey!”
  • “That stuff is for lawyers. When we get huge we’ll have enough mon­ey to hire a whole team!”
  • “They’re go­ing to get mad if I ask them to sign a con­tract. I don’t want to ru­in the re­la­tion­ship.”

Don’t fall trap to these ex­cus­es. You NEED some sort of con­tract to pro­tect your­self. Mon­ey some­times makes good peo­ple turn bad.

Click Here to Buy a Founder­Prenup!