Thinking About Creating or Joining a Team?

Thinking about creating or joining a team?



Before You Begin



I was a member of a real estate team for over 20 years. My partner, Tony Herrera and I were fortunate and built a solid real estate clientele.

Some things to consider (a beginning):


 

• Have a written partnership agreement indicating "what happens if?"




• What happens if I want to retire (or want out of the team) and you don't, what happens to the assets and liabilities of the team?




• What happens if you die or I die? What happens to the assets and liabilities of the team?




• What are the assets of the team? The phone number is an asset, who gets it upon dissolution of the team?




• The domain and the e-mail addresses are an asset of the team, who gets them upon dissolution of the team?




• If the team is more than two people, and one person leaves the team, will their e-mail be forwarded to them?