Kevin Phillippi will talk about his start-up challenges and how getting the most out of your team gives them confidence while making your business more successful! Many aspiring entrepreneurs decide to start a business with partners and associates with no formal written business agreements. It doesn't take long for disagreements to develop and the fighting to begin. Because there are no stated limits of authority, and each person acts for him/herself and not for the benefit of the business. Disagreements about how the company will spend, receive, invest, or control funds can have detrimental consequences. Partnership agreements are a protective measure to clarify and confirm partner roles, responsibilities, and authorities, and to understand the working relationship.