Aspiring entrepreneurs take on a business partner for all sorts of reasons. Maybe they did not have enough capital to qualify for a franchise opportunity on their own. Perhaps they simply lack experience running a business. A partner can provide the skills or resources that an entrepreneur does not already possess. Partnerships help those who… Continue reading Is dissolution the only solution for a struggling partnership?
Tag: Business Partnership
Why partners need a contract when starting a business
Partnerships can be born out of single conversations wherein people realize they have overlapping interests. A good business idea and a desire to work together are all that is truly necessary for a successful business partnership to begin bearing fruit. However, having the right paperwork is also crucial for long-term success. Partners must have a… Continue reading Why partners need a contract when starting a business