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williamzembricki replied to the topic Partnership characteristics in the forum Business 101 7 years, 7 months ago
Joining a partnership is very intimidating based on it is truly impossible to fully know someone until possibly when it is too late. When looking for a partner above all I think the most important thing to me would have to be honesty. Like relationship to a boyfriend or girlfriend if there is no trust the bond will break. Sadly, when it comes to a business a break up could mean the total loss of someone’s life work. I personally would rather have an LLP where if the partnership fails one partner can sell and leave the partnership easily.