The Importance of a Partnership Agreement

If you are creating a business with someone, a partnership agreement may not be the first thing on your mind. In fact, often when people are starting businesses they seem to be in agreement on everything, which is great. It is important to recognize, though, that the longer you work together, the stronger each of your opinions will become and the harder it will be to reconcile them. For this reason, making a partnership agreement as soon as possible when starting a business will give you the best chance of starting on and building from the same page. Creating a...

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Why Form a Florida Partnership?

If you are considering forming a partnership in Florida, or transitioning an existing business into a partnership, you may have a lot of concerns about how that will affect your overall business structure and bottom line, and whether the benefits outweigh the drawbacks. In reality, there is no one-size-fits-all answer. Whether a partnership is right for you and your business depends entirely on the goals you have and on your specific situation. There can be huge benefits associated with partnerships, as well as increased liability and other drawbacks.  Ultimately, only you can decide whether a partnership is the structure that aligns...

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