Going into business with an equal partner can seem like the fairest possible arrangement. Two owners contribute capital, experience, relationships, or specialized skills, and each receives 50 percent of the company. When the relationship works, equal ownership creates a genuine sense of shared responsibility. The challenge appears when the owners strongly disagree. In a 50/50 business, neither owner may have enough voting power to resolve a major disagreement independently. A dispute over hiring, financing, compensation,…
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