November 18, 2021 · Mingqiang
Friends Go Into Business Together, Fall Out, and Lose Both the Friendship and the Money — All Because They Didn’t Get the Hard Talk Out of the Way First
Australia is a country that is very friendly to small-business owners, and many immigrants choose to partner with others to run a business here. In practice, however, we frequently see businesses run into trouble and become unsustainable, with partners falling out over disagreements and ultimately parting on bad terms — losing both the friendship and the money. The fundamental reason is usually that no "Shareholders Agreement" was signed in advance.
