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I am in business with a very good friend of mine. He is right out of central casting: Notre Dame, F-14 guy, Top Gun instructor, blah, blah.
We both insisted from the start that everything was in writing, to include roles and responsibilities, accounting practices, management tools, employee processes, how to dissolve the company and a firm grievance resolution process.
There is much more, but you get the picture: We want to remain friends so we were brutally honest at the start so we could be attentive to each others expectations, both from a financial standpoint and personal perspective.
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1996 FJ80.
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