Jen says: “I’ve been doing freelance work on the side for years, but recently (like, three months ago) left my “real” job to pursue my side biz, Kiwi Creative, as a full-time venture. I have a super sweet office space with room for two future employees, so I definitely have the goal of eventually building up to a small business (like, 5-8 people?) down the road.
Recently, another designer approached me about the idea of a “partnership.” She’s at the point where she’s either going to hire an employee (which she’s not too keen on) to keep up with her ever-expanding workload or join up with someone else who’s already established. We’ve had a couple meetings and definitely seem very similar in terms of ambition, goals, personality, etc. Our next step is to “play office” – she’s going to come sit in my space for a couple weeks and see if we can live together as roommates during the work day. Assuming that goes well, we could potentially be in business together officially as of January 1st.
Here’s where I need your advice: How do you structure such a deal?”