Summary
They say that "The key to a happy life is a happy wife.” That's for romantic relationships, but I think that principle applies equally to business relationships. Having a good partner ensures that all of your actions are in line and you can focus on external challenges as a team.
This is one of the things our student, Sam, was thinking of when he asked:
"Attorney, I'm currently setting up a business and I want to ask a friend to be one of my business partners. But since this is the first time I'm doing this, I'm not sure if this is the right direction. What should I look for in a business partner so that we can have a prosperous and legally-smooth business together?"
If you're in a similar situation as Sam, stick around to find out.
This episode is brought to you by the "Putting up a Corporation" workshop, an online course that orients you on the basics of starting a company in the Philippines. It talks about what is a corporation exactly, what are the things you should decide on first before making the leap, and what is the procedure to expect when processing the papers.
This summary is based on the video's description. For general education only; not legal advice for your specific situation.
