November 11, 2013
From Down Under, a piece from the Manly Daily (a reference to the location of the publication, not its masculinity) on business partnerships. Even across the globe, the same basic principles — and secrets to success apply: You won’t always agree. Where you can’t work it out, rely on trusted advisers like accountants or attorneys as sounding board and mediators Know your partner before agreeing to go into business together Make sure you’re aligned on vision and expectations It helps to have different areas of expertise, complementary skills and responsibilities A common feature of business partnership breakdowns is a lack of proper planning and partners failing to have the difficult conversations and address all “what ifs” at the outset The most important thing for anyone considering going into business with a partner was to seek legal advice and have a written partnership agreement drawn up. Want to learn more about Kaufman Business Law? This is the video to watch. Watch our Video
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