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In Reply to: Re: Anyone have a bbq restaurant? posted by 4 Legs Up on February 29, 2012 at 09:07:44:
And make sure who's has what authority in the partnership and who is liable for what. So if you have a partner who owns majority and has the right to make all the decisions, then he should have all the liabilities also. Don't get stuck holding the bag on decisions you had nothing to do with.
And don't get the bag taken away from you on things you worked long and hard on such as recipes, and marketing.
Spell out everything - all duties, all ownership, all decision making, including legal, accounting, banking, financing, management, training, expansion, marketing plans, recipes, etc.
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