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One of the biggest mistakes I see new entrepreneurs make is not setting up a solid foundation for success between themselves and their partners or cofounders when they start building their business in the form of a shareholders or partnership agreement. Now, just in case youre new to my blog, I am not a lawyer so I cannot give you legal advice. But I have seen many an entrepreneur stuck with ulcers and migraines because they didnt have an agreement in place from the beginning and then the relationship with his or her cofounders fell apart. In order to make sure that the new business is on sound footing and that you wont be in hot water when the going gets tough you absolutely have to have a few items spelled out in a formal legal document before jumping in. When its just you and your cofounders high on startup euphoria and loving life and loving each other, it seems like nothing could ever go wrong, but I guarantee there will be disagreements and the road will get a bit rockier d
