You're about to go into business with someone. The deal looks good, the people recommending them are people you trust, and everyone's keen to get going. Here are the questions to ask first, while backing out still costs you nothing.
"My wife and I once went into business with a partner who looked perfect on paper. We didn't ask enough questions, because we trusted the people who recommended him. Getting out cost us well over $1 million.
This is the checklist I wish we'd used before we signed."
Kevin D'Ambros-Smith, founder of Simple-Growth
Four parts, one page, about ten minutes:
Owners and founders weighing up a business partner, a co-investor, an acquisition or a big joint venture. If you've already made up your mind and don't want to be asked questions, this isn't for you. If you'd rather learn it cheaply than the way Kevin did, it is.