firstly search about a person every thing and then sign a partnership legal papers in which every thing should be cleared abouy business, business profit or loss, production rate.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
The person must also be ready and willing to carry on the business the same way I want to. And he must be knowledgeable about the business as well.What are the tips you think I should employ if I would like to start a partnership with someone?
Starting a business organization with someone is not a big deal, it is more or less like partnership with one another, with agreement on profit sharing and formula.What are the tips you think I should employ if I would like to start a partnership with someone?
it is very good but the other person also needs to have the same vision as you and the responsibility of each of you has to be spelt out.What are the tips you think I should employ if I would like to start a partnership with someone?
You are absolutely right Because when you start a business with someone else, the first thing should be that you should be completely Trust with that If you do not have complete trust in your partner, you can never Successful in business.Spend time together and empower each other, dream bigger together make brain storming, be creative and always raise above any problems or barriers that appear in your path
I think I thoroughly agree with this your view. No matter how well you are used to someone or trust the person, you should have a document that clearly defines the roles of everyone in the business to avoid future quarrels.Starting a business with someone is a good method of start-up that normally succeeds if some condition are put in place to make it work, one of such condition is a document called the partnership deed.
The partnership deed is a document that spells out the right and duties of each partners and how the business is going to be run.
Most partnership deed has instructions on even the dissolution of the partnership, yeah that's how detailed the document is, the document is mostly signed and sealed in court.
With this document there will likely not be issues between partners in a business.
On the contrary the usual issue in a partnership is the leadership - who will be the boss. It is good if the partnership is one financial partner and one industrial partner. At least the boss is clearly defined. But if everything is equal in capitalization and in time rendered in business then the boss thing will be a big issue later on.There is no problem in starting a business with someone, or the partnership business because you get additional funds for business and also extra working hands