Start Your Business Partnership Off Right

Sometimes sole proprietors will start working together on a venture, sharing responsibility for expenses and dividing up revenues according to some percentage or formula that reflects the work they've done or amount they've invested. Whether they realize it or not, they probably no longer have sole proprietorships. What they've got - and what you've got, if you've been in this situation - is a partnership. Partnerships are easy to start, even unintentionally. But they are complicated creatures. This paper lists five factors to keep in mind if you're thinking about doing business as a partnership.