Structure of the organization_ The involved parties should include a well thought organization structure. This should include roles and responsibilities of each partner. Before the start of the business, both parties should have a clear understanding of what they should bring in once the business operates.
When you find yourself considering going into business together you might want to consider how you are going to protect yourself in the event of a disagreement. If you are not planning to form a partnership you can always use a joint venture template to draw up an agreement that will protect all those involved in the venture. Considered a legally binding contract, you will find that when properly filled out this document will leave little for any errors or the type of misunderstandings that can cause what is otherwise a good, solid working partnership.