Difference between Friends and Business Partners

OK a lot of people tend to want to invite friends to be business partners because of their experience and loyalty in regards to the project. This is perfectly fine, except one thing. You MUST and I mean you MUST declare lines in the proverbial sand with your friends to distinguish where the Partnership and the Friendship lines are not to be crossed. Here is an example: Lets say that you offer your friend some stock in your new startup in lieu of payment, since lets face it your broke. Offering a friend with experience in something you need to make your start up succeed is completely...

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