Why partner — and the catch
Buying a website with a partner lets you pool capital for a bigger or better site and share the workload and risk. The catch is that partnerships are where many deals later sour, usually because the partners never agreed clearly on money, roles, and what happens if one wants out. The purchase is the easy part; setting up the partnership properly is what determines whether it works. Sort that before you buy, not after.
Define money, roles, and ownership
Agree up front who contributes what capital, who does which work, and how ownership splits — and put it in writing. Unequal capital or effort is fine as long as it's acknowledged and reflected in the ownership and profit split. Vagueness here is the seed of future resentment: 'I thought we were equal' or 'I did all the work' are the disputes that destroy partnerships. Specificity up front prevents them.
Agree the exit before you enter
The most-skipped and most-important step: agree how a partner can exit before you buy. What happens if one wants to sell their stake, or the site, and the other doesn't? A buy-sell agreement defining how a partner is bought out, how the site is valued in that event, and how decisions to sell are made saves partnerships from deadlock. Deciding the exit while you're aligned and optimistic is far easier than negotiating it mid-conflict.
Structure and document it
Formalize the partnership appropriately — often through an entity like an LLC — with an operating or partnership agreement covering contributions, ownership, roles, decision-making, profit distribution, and the exit terms. For a meaningful purchase, get legal input. With money, roles, ownership, and exit all agreed and documented, co-buying a website becomes a genuine advantage — more capital and shared effort — rather than a friendship-ending gamble.
- Partnering pools capital and shares risk — if set up right.
- Define money, roles, and ownership in writing up front.
- Agree exit and buy-sell terms before you buy.
- Formalize with an entity and agreement; get legal input.
Partners should agree on the target's worth before buying. Run it through a free appraisal for a shared, neutral number.
Value a site →