Multi-Owner Businesses—Considerations for Forming a Business Entity with Multiple Partners

Posted by lkpetrolino under Startups
From http://www.365daysofstartups.com 4487 days ago
Made Hot by: Small Business Tribe on December 18, 2010 3:36 am

Last week’s post discussed joint ventures and other collaborative business agreements involving cooperative efforts between multiple independent parties. This week we turn to a more traditional structure, and examine singular business entities with multiple partners.

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Written by ShawnHessinger
4479 days ago

Partnerships help you leverage your skills with those of others and can help you progress faster than you could on your own. Unfortunately, there are inherent dangers down the road with the problems that can naturally occur with partnerships. Once you've determined that you need partners, it's important to spell out the intent of that partnership and the standing of each partner to avoid problems in the future.

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