Partnership considerations

Starting a new business partnership, one should consider the following aspects:

• Voting, Who gets the final say.
• Profit Split/Loss
• Liability
• Illegal activities, non-disclosure etc.
• How new partners are to join, and they’re attribution to the above.
• Expulsion of member (who has veto say)
• Misconduct
• Termination of contract
• property rights
• Competing against the firm