a 50/50 partnership is like marriage: one partner can’t do something without the consent of the other. before signing the shareholder’s agreement, your partner and you must understand each other’s goals in terms of dilution, salary, exit and commitment. here are five tips to avoid conflict in a 50/50 partnership 1. ensure everyone has access to all company property. these are corporate assets that belong to the company not the shareholders. for example, if your company is focused on software, it is vital that the business’ source code is hosted on github or a similar cloud service. legal disputes are incredibly expensive and in the world of startups, a lot of cash isn’t always available. therefore when a dispute arises, resources used to solve conflicts should be minimal to lessen the impact on the business.

rupa also dictates the legal obligations and rights of the partners involved in a partnership business. thus, it is crucial that you understand the requirements of rupa as a business owner since you could potentially be held liable for damages due to the actions of an unknown business partner. rupa is responsible for a number of revisions to the upa.