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  • jjp93 replied to the topic Partnership characteristics in the forum Business 101 6 years, 6 months ago

    Even though having a partnership has a lot of risks from a financial point of view, I believe I would still have a partnership in the future. With a partnership, I would not be the only one handling the logistics of the company. I would have someone else to give me other point of views in decision making opportunities. Even though there is a risk that both the owners would have to handle, working with others is required when working at any other place. With this partnership, there are other people who can be hired to lighten the load and I believe that if my partner and I were to keep an open mind and work together for any issues that arise, the partnership would run smoother. I would want a partner that is goal oriented and knows how to keep business related topics separate from personal issues as well. I would need someone who I can fully trust and knows how much work is required to run a business. I would want to make sure there is written contract that will help to keep me and my partner to stay on track on what the business is about. My partner and I would have to make sure to find a compromise when issues also arise. With a partnership, there are less legal restrictions, it is a lot easier to run, and the business would be in our control.