Why is having a signed document in writing a good legal strategy when friends go into business together? Do you think it would be easy to miss or disregard having signed documents as a college student? Why or why not?

Read “Legal Strategy 101” regarding “Should Friends be Business Partners?”

Discuss the following questions:

1. Why is having a signed document in writing a good legal strategy when friends go into business together?

2. Do you think it would be easy to miss or disregard having signed documents as a college student? Why or why not?

3. What should be in the document governing the business? Feel free to specify an entity type and get particular or keep it general.