I am considering starting a business with a friend. Do I need to have a written agreement?

Thursday, June 29th, 2023

Foresight is always better than hindsight. While it may seem unnecessary or awkward to create an agreement with someone you trust, having a written agreement in place helps set clear expectations, defines each partner’s roles and responsibilities, and can prevent misunderstanding or disputes down the line.

Any agreement between parties in business should be legally documented to adhere to the laws of Texas. An experienced attorney in this area is able to draft a comprehensive document covering every detail of the agreement to avoid common risks, disagreements, misunderstandings, and pitfalls. The attorneys at Sell Griffin McLain have many years specializing in assisting clients organize and legally maintain small business entities.