Thinking of Partnering Up? Think Ahead

A Partnership can do a lot for a business. It can add the expertise or financial aid needed to take your business to the next level. However, not all Partnerships work. So what do you do when your partner isn’t pulling his/her weight? Sometimes there is nothing that can be done, but sometimes there is a way out. While Partnerships are typically formed between friends, or people that know each other, the relationship can change when it becomes a business one. Even when involving family, it is good to think ahead. Hiring an attorney to form the Partnership is the first vital step. Be sure and express your concerns to your attorney about what happens if the Partnership doesn’t work out. No matter how well you know someone, some situations bring out a new person entirely.

Check out this great article from the Atlanta Business Chronicle for more tips about Partnerships: Going Solo

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