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nitinhebbar replied to the topic Partnership characteristics in the forum Business 101 7 years, 7 months ago
I prefer to getting into a partnership with someone who understands the objective and gives valuable insights into how to grow the business big. A partnership is a major commitment and risk associated would have a dent on your personal savings. If a person is fully committed to the views and objectives of what the other person shares, then its a better option than running a business as a sole proprietorship. No doubt the will be disagreement among them, but that’s how you think out of the box and brainstorm to get better ideas. Also, its easier to get loans when the company is run by two or more partners.