Co-founder Checklist

What to settle with a co-founder before you start a business together.

Ownership and capital

What's checked: Partnership basics

Is each person's investment amount set down in writing?
Is the profit-and-loss split clear as a percentage, not just a verbal understanding?

Roles and responsibility

What's checked: Clarity

Is each person's work responsibility written down separately?
Is it settled who can make which decisions alone?

Exit terms

What's checked: Protecting the future

Is it settled how a share gets valued if someone wants to leave?
Is a dispute-resolution process agreed on in advance?

Trust and character

What's checked: Amanah

Do you already know, or have you verified, this person's honesty?
Are you confident they keep financial dealings transparent?

This supports the conversation, it isn't a legal document. For a final agreement, get it in writing and take legal advice if needed.