Profit Division_ The financial aspect of a business is often the root of all issues. Before going into the commitment, clearly define the profit sharing process and percentage of all parties. This may be based on what each partner will bring into the table_ skills, finance, or other wise.
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.