3 key questions to ask when starting a business partnership

Going into business with someone? Here’s what you’ll want to keep in mind as you secure your finances.

For an entrepreneur, finding the right business partner can be very gratifying — revolutionary, even.

You gain a teammate to bounce ideas off of as you grow. Plus, your business can benefit from the unique strengths and talents you each bring to the table.

That said, mixing your interests and resources with another person could be challenging. That’s why it’s important to secure your business together and ensure you’re both protected and prepared for the unexpected.

As you establish your partnership, it may help to ask the following questions. The answers you come across can help you start your partnership on a strong foundation of mutual benefit, trust, and respect.

What happens if your business partner is unable to work?

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