Partnership: It Takes Two or More to Tango

Everyone knows people who wouldn’t dream of going to the movies by themselves. Or out to dinner. Or to a party. Or to the beach. Or you name it.

The advantages of a partnership are clear: shared work, shared financial burdens, and shared risk. Partners may also bring talents and expertise into the business that sole proprietors may not have alone. All good stuff.

There are disadvantages, too. Sharing responsibilities, control over the company, and profits and losses can be more complicated and difficult than going it alone.

Find out what major factors you should consider when deciding whether a general partnership is the best way to structure your business. View them on the MN Business 101 blog: http://mnbusiness101.wordpress.com/2013/06/03/partnership-it-takes-two-or-more-to-tango/