Do you plan to start a business? If so, have you made a business plan? Apart from deciding what products/services you’re going to offer, defining your target market, estimating your initial budget, and planning marketing strategies, you should also consider where you’ll be working. If you live in New York and look for an office space for rent, choose among the two options below:
The equity-sharing agreement must provide for the venture to end. As stated previously, equity-sharing arrangements generally last for a term of one to five years. At that point, the equity sharing agreement will be terminated through a prearranged process. One approach is a buyout arrangement where one of the partners buys out the other partner’s interest in the property. The agreement should describe the method for determining the buyout amount, as well as the source of funds that will be used to pay the agreed amount.