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  • jr377 replied to the topic Partnership characteristics in the forum Business 101 6 years, 11 months ago

    I’m not sure I would choose either, but I would definitely choose one over the other if I knew the person who would be my potential partner. If i was to do partnership It would have to be someone I considered as family or someone who is actually family. Those are the people you know best and trust. I would know whether or not they’re suitable business people, and whether or not we’d be a good fit for each other. Businesses can’t run if the partnership is dysfunctional. If I didn’t know or trust the person I would have to be sole proprietor because even though there’s a lot of risk it would be less risky than putting half of my livelihood in someone’s hands who I don’t trust to work well and do things properly.