Get an MOU from Your Spouse

Get an MOU from your spouse if you’re planning to start a business together. We know it sounds cruel and unusual, but it might save a relationship.

We got the idea for this blogpost from one of our Solutions Forum groups, where one member was getting ready to start an insurance agency, but wasn’t sure how her husband might react.

We also opined that entrepreneurship isn’t for the faint of heart, either, since she’s leaving a nice corporate job. Her spouse needs to know that, too.

(MOU in US paralance is a Memorandum of Understanding.)

Running a business together with your spouse or partner is hard, because you see each other during work hours as well as outside work.

We’ve got one divorce to show for ignoring this advice, so a word to the wise.

The MOU should outline who is going to do what in the business, e.g., sales, finance, operations, etc.

It’s also a good idea to spell out how you’re going to make decisions, e.g., by consensus, or one partner gets to make all the decisions in one of the areas.

This entry was posted in Marketing and tagged . Bookmark the permalink.

10 Responses to Get an MOU from Your Spouse

  1. AlexeyKar says:

    Ваш ребенок не может уснуть? Уже все перепробовали?Прочитайте ему сказку с нашего сайта.
    Большой выбор народных и авторских сказок для всех возрастов.Переходите по ссылке:

    Maybe Alexi has some tales that entrepreneurs can use to fall asleep!

  2. BURGERsi says:

    how to know credit score free

    Indiana university and purdue university and Video
    Indiana University Intercampus Transfer Indiana university and purdue university Indiana university and purdue university What is an Intercampus Transfer? Intercampus Transfers are classified in two ways within the Indiana University system. Temporary Intercampus Transfers are students who are enrolled in an IU degree program who wish to transfer to another IU campus for one semester as a visiting student, before returning to their home campus. Permanent Intercampus Transfers are students who have enrolled in an IU degree program who wish to permanently transfer to another IU campus. Students looking to complete a permanent intercampus transfer should check with the contact …
    The post Indiana university and purdue university and Video appeared first on Flight.

    Tucson Business

  3. Wonderful work! This is the type of info that are meant to be shared across the web. Shame on the seek engines for no longer positioning this submit upper! Come on over and seek advice from my web site . Thanks =)

  4. I must say, as a lot as I enjoyed reading what you had to say, I couldnt help but lose interest after a while.

  5. Hello There. I found your blog using msn. This is a very well written article. I’ll be sure to bookmark it and come back to read more of your useful information. Thanks for the post. I will definitely comeback.
    Source: first aid management of stroke

  6. gewvGibia says:

    hydroxyzine for sleep – atarax 10 mg atarax atarax 25mg side effects of atarax

  7. gwbznuawn says:

    remeron withdrawal – mirtazapine anxiety remeron 15 mg mirtazapine for dogs mirtazapine sleep

  8. rgbipruse says:

    usa online pharmacy store – usa online pharmacy store the pharmacy store pharmacy supply store near me nearest pharmacy store

Leave a Reply

Your email address will not be published. Required fields are marked *

× three = 12

This site uses Akismet to reduce spam. Learn how your comment data is processed.