Episode Summary:

In this episode of Litigation and Capital, Steven Mirsky discusses the critical aspects of choosing business partners and structuring partnerships. He emphasizes the importance of formalizing agreements early, understanding personal alignment, and implementing proper legal structures to prevent future conflicts. The conversation covers family partnerships, risk management, and signs of potentially problematic partnerships.

Key Timestamps:

00:01 - Show Introduction

00:45 - Biggest legal mistakes founders make with partnerships

01:01 - Discussion on family partnerships and boundaries

03:08 - Managing misaligned risk tolerance and vision

04:57 - Signs of high-conflict partnerships

06:35 - Critical clauses in partnership agreements

08:30 - Facilitating tough conversations between partners

11:45 - Advice for founders uncertain about partner scaling

13:35 - When to involve legal counsel in partnerships

About the Show:

Litigation and Capital with Steven Mirsky breaks down high-stakes legal issues affecting companies earning $10M-$100M annually. Host Kevin Rosenquist and Steven Mirsky provide practical insights to help business owners protect their interests and turn complexity into leverage.