Starting a business with someone

[Keibah]

To start a business with someone is like entrusting part of your life with them. You must trust them and you both can share a common goal and understanding. Also, every agreement should be legal and put in writing. That is the best way to start a business with someone.

 

[Godleads1]

If there is no need of joining a person to start the business, then you shouldn't. But when there is a need for it, it's better to go into partnership with the person to be able to make the business successful.

 

[idhans]

What are the tips you think I should employ if I would like to start a partnership with someone?

It's a very good thing to start, and develop any business with people. You will raise capital easily, and reduce the stress of running the business alone, but very importantly you have to do this with the right person else you will run into problems later on in the business.

 

[Zamaney]

The advantage of going into business with a partner is being able to make the most of shared resources and complementary talents of others in a new enterprise. But going into business together is more than just two people with complementary talents "teaming up" to work together and there may be legal implications

 

[Nicklas22]

Starting a business with someone is very good because decision making will be easy and money will be available and there will be enough man power and the business will be easy and early to start and there will be division of labour

 

[eenya00]

Starting a business with someone can be both profitable and at the same time it might not possibly work out due to either you or your partner. choosing a partner it's not something you rush into at least you are supposed to know that person for some time. there supposed to be a connection or you guys are supposed to have a chemistry

 

[ahmedo24]

It is highly profitable if every necessary factors work in your favor both. Factors like commitment and understanding then if there is legal backing to your partnership. The business is very much safe because of idea Sharing and losses management.

 

[Jlife]

There is absolutely nothing wrong with starting a business with someone but the person you are starting a business with must be a trusted individual and if possible signs all the necessary documents and have everything done with the lawyer to avoid any misunderstanding.

 

[sam386150]

To set up a business with someone requires a very serious concentration, especially if you are the one that has the lion shares of the business, that simply means you need to put your efforts and attentions to the business to avoid breakdown of the business. And you must also make sure your partner have a business idea.

 

[Henrywrites]

What are the tips you think I should employ if I would like to start a partnership with someone?

Always ensure that you have the partnership details printed and singed by both parties. This is important even if you are entering into a business partnership with your friend or family member. Any document printed and signed won't suffer any issues when things go sour.

 

[Kelly5]

What are the tips you think I should employ if I would like to start a partnership with someone?

As concerning the tips you need to adopt to successfully start a business with a partner, the first thing you need to do is to be sure that there is a document of understanding between both of you to stall future troubles

 

[Hassan14]

What are the tips you think I should employ if I would like to start a partnership with someone?

You just have to be more discriminating with the help you render toward other people. You have to be more discriminating with the help you render toward other people. And I think if you have any friends or family members then you are very lucky because this way the business can run very well because you can give equal time and relax your business. Are.

 

[Chibson]

Before you start a business with someone, make sure you must have known or at least a little bit, trust the person. Such business is called partnership business. Partnership business, have some advantages and disadvantages but I think the advantages outweigh the disadvantages. The both of you got to put capital together, for the smooth running of the business.

 

[Lekan]

Their is no big due of starting business with someone but before starting the business with the person their will legal agreement and you make sure you put down statements in court because their can be some misunderstanding sometimes .

 

[Senator]

What are the tips you think I should employ if I would like to start a partnership with someone?

Starting a business with someone can be risky some times leading to an ending enmity and sometime leading to death. We react different on different issues eg money issue.
I advice that before going into such, make sure your visions are in line, every thing I mean every on how the business will grow in future, money shearing and spending formulas, employment formula everything should be written out and agreed upon with names and signatures signed back up with all legal backing of the land.

 

[Shayo]

Starting up a business is good, it reduces the stress load and you get to put ideas together.
Things to watch for include, dedication, hardwork, passion, honesty Traits. Make your research if you haven't know the person for a long time. You can even put up a little test and observe how he reacts.

 

[Shigobad2020]

Starting a business with someone might be very challenging at times, but if one is not extra careful about choosing a business partner, you might go bankrupt even before the business reaches 6month.

 

[Adetayo100]

Starting a business up with a partner is a great idea not only does a business partner effectively halve the staggering amount of work that comes with forming a new company, but having a partner also means having someone to talk to and bounce ideas off.

 

[Axad. Mrb]

The easiest way to start a business with someone else is to establish a general partnership. You don’t have to file paperwork with the state to set one up, your business income will pass through to your personal tax return, and you won’t have ongoing recordkeeping or reporting requirements.

Post automatically merged: Jan 31, 2021

The easiest way to start a business with someone else is to establish a general partnership. You don’t have to file paperwork with the state to set one up, your business income will pass through to your personal tax return, and you won’t have ongoing recordkeeping or reporting requirements.

 

[Kingsley]

This can be very challenging as your partner could proved to be a passive partner and not an active member in the course of running the business, leaving you alone to make all the decisions and even finance the business on your own. Some may even turn out to be fraudulent in nature and they siphon the asset of the business. And sometimes there could be challenges in process of dissolution.