BizSugar.com › Startups › 6 Things You Should Do Before Entering into a Business Partnership

Could two heads be better than one for your small business?

Partnerships can benefit start-ups and growing business in many ways – shared risk, access to funds and expertise, and the sharing of duties. Of course, partnerships can be risky. One partner may not pull their weight, financial wrangling adds fuel to the fire, and ultimately the relationship and agreement sours.

Entering into a business partnership is a big commitment and upfront planning is a must. Here are six things you should do before you enter into a business partnership.