Create a contract
So you have decided to work together. Okay, now create a contract. It can feel silly to do this with a friend. Your friend would never screw you over, right? It’s not that simple. You have no idea what can happen or for how many years this business will go on. Having a contract just makes things simple, and keeps debates from getting personal. It’s in the contract. You both agreed on this from the beginning. That’s that.