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jad73 replied to the topic Partnership characteristics in the forum Business 101 7 years, 5 months ago
You’re definitely right about the financial burden being less in partnerships as oppose to sole proprietorship. Also, you are right about the great risk in choosing the right partner. I think that entering a partnership is something that will only work with someone who you fully trust. Someone who is really close to you where you both share the same ideology and vision for the business venture. Because, we truly don’t know a person until something bad or unexpected had actually happened. This will be the only time we’ll be able to fully see someone’s character and whether it’ll be a match or not is another problem to think about. So, I think that considering a partnership is really risky if you don’t start with the right partner.