Having a partner to help run your business can be a great asset. You can bounce ideas off each other and you can see issues from multiple perspectives. But many people are still leary of partnering up with someone in fear that it will lead to discord and, at worst, the failure of the company.
Having a partner that compliments your strengths and personality can be a great boon and lead to great things in your business.
For example, if you’re the creative type, you may want to seek out someone whose strengths lie in organization and management, etc.
Having a solid operating or partnership agreement in place is key for when disagreements arise and can temper the heat by directing the decision to the agreement rather than having to has out a resolution during the conflict.
Categorized in: Business Law