HOW MANY PARTNERS ARE BEST FOR A NEW BUSINESS
Partnerships are great at first when you are splitting expenses and learning a new business, but too often they don’t work out.
Inevitably, one partner works harder or longer than the other. Or, one partner is producing more sales than another, which often leads to problems. Unless the partner is bringing industry experience and clients, it’s often wise to start your business on your own.
If you do decide to have a partner, you should issue 100 shares of stock in the company. You each own 49 shares. If one partner wants to sell, the outstanding two shares go to the remaining partner who now has majority ownership in the company.