Recently I partnered with my friends to create a company. I know partnering with friends is always very risky. But I did this because I felt they have the same work ethic as me. However, there are some signs that could be potential red flags. Right now i am the only founder but was planning to add them later. It has been already 2 months of founding a company but I felt there hasnt been any progress made. We have a meeting just once a week. I have done graphic design for the logo but they were thinking about using logo maker platform. I had no problem with that but in the end They decided to use my design. However, during previous I reminded them to think about slogan but still havent received any and its been 2-3 weeks. One day I asked them send document that is quite important for company, but they forgot about it. How should I approach this problem? Should I raise the issue with them directly and see if they grow and change. Or do you think it’s hopeless and give it up. I know they have study to do, but all of us wanted it badly, so I felt it doesn’t make excuse.
What happens if you sign a legal document confirming your partnership then your partners stop contributing? I am in this situation, I make just enough to live on but because my partner ghosted me and doesnt contribute I am trapped and have lost all motivation. Just bear in mind the best intentions are all well and good but people’s situations change and their commitment may not match yours so ensure you have an out should things go sour with your partners.