There seem to be far more ways for them to go bad than for them to succeed. Not that I would discourage anyone from entering a partnership. But you must do so with your eyes wide open. VERY wide open. I’ve spent much of my career as a business coach trying to salvage partnerships that were in trouble. From that experience I can truthfully say that having a dysfunctional partnership is a curse that I would not wish on anyone.
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Introduction to a four-part series (plus this introduction) on choosing the best legal structure for your business. This introduction provides a high-level summary of the key issues which influence this decision.
Continue readingThe final part of a four-part series (plus introduction) on choosing the best legal structure for your business. This installment looks at the pros and cons of operating your business as a partnership.
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