I am going to run a business with a friend of mine. The profits are going to be half half after taxes.
Let say, we both put our own money, time and ideas into the business. We will go on our seperate ways and try to sell items individually. I am worried that he might not be honest and try to decieve me with the amount of items he sell. Is there a way to handle this situation.
And when the business starts to take off and rake in the $$$, what is there to stop him from taking all the money and moving off to another country. What can I do? Getting a legal letter or something from a lawyer?
Let say, we both put our own money, time and ideas into the business. We will go on our seperate ways and try to sell items individually. I am worried that he might not be honest and try to decieve me with the amount of items he sell. Is there a way to handle this situation.
And when the business starts to take off and rake in the $$$, what is there to stop him from taking all the money and moving off to another country. What can I do? Getting a legal letter or something from a lawyer?