Starting a business with someone

[Osaz96]

What are the tips you think I should employ if I would like to start a partnership with someone?

First of all you need to be sure of the person you are going into business with, make sure you guys are of the same mindset so that you are on the same page from the onset. Then have a legal documents that you guys will sign stated all the rules you guys should abide by

 

[Sammyesx]

What are the tips you think I should employ if I would like to start a partnership with someone?

If you intend to go into partnership with someone then you should have a legal bidding, get a lawyer and make sure sign and agree to the terms of the business because humans are unpredictable, but with a legal document, you are rest assured.

 

[Folaham]

What are the tips you think I should employ if I would like to start a partnership with someone?

Before you conclude on partnering with anyone in business, you must know and identify what he is bringing to the table.
You both should have coming interest and goal and his readiness level and commitment must be assessed

 

[Olaoluwa Abraham Abiodun]

t's not always adviceable to start with family and friends. But if you are adamant to do that you guys need to hire the service of a litigator to put your partneship into a formal agreement while you both sign documents

 

[eLdavis]

before starting a business with someone, yiu should at least make sure they have the same vision as you do, it should be with someone you trust, someone you are sure would have your back.

 

[WhiteHouse]

The 'right' colleague relies upon yourself and your business. You need to discover an accomplice that covers your shortcomings and praises your qualities. Additionally, it's regularly best to have accomplices that cover each significant business work. For instance, say you've begun a product organization, having a specialized originator who can code and compose the product, one who could sell and market or plan and one to oversee activities would be very acceptable. Yet, for this you need to know the key things that get you the most cash-flow, and that varies between organizations.

 

[Philip Omotayo]

You can actually a business with someone. It makes the business to move fast. That's if the two personalities involves commit each other into it. The two would be watching each others back. They both would share the gain and the loss of the business.

 

[jimmann247]

Let partnership be partnership, don't exchange friend with business, all legal means involved in that business should be carried out, their should be no were that should be over looked because of friendship. Business is business.

 

[Johnbami]

Starting a partnership business with someone is very good especially for you know used to join your capitals together for you to be able to make more profit but the thing is you have to make sure you thinking person is honest and trustworthy so you won't regret ever being in a partnership with anyone

 

[Atif3786]

Each partner may draw funds from the partnership at any time up to the amount of the partner's equity. A partner may also take funds out of a partnership by means of guaranteed payments. These are payments that are similar to a salary that is paid for services to the partnership

 

[Psalmsavatar]

When planning to start partnership with someone,btip following tips must be put in place.

1. Share the same values.
2. Choose a partner with complementary skills.
3. Have a track record together..
4. Clearly define each partner's role and responsibilities.
5. Select the right business structure.
6. Put it in writing.
7. Be honest with each other.

 

[Ezzyoj]

Starting a business with someone is the best way to start a business. But you make sure the person can be trusted and and also have the experience the business requires. The capital of the business and the formula for the profit sharing must be well understood. Remember business is business, don't mix friendship with your business partnership.

 

[Youngdee]

What are the tips you think I should employ if I would like to start a partnership with someone?

Starting a partnership with someone should not be a thing of absolute negativity. It’s sometimes good to start a business with someone who either just wants to start or have started and made success stories in the career line. However, there are people you would wish you never met or had an encounter with due to they way they turn out to be

 

[Khezo]

starting a business with someone is very good is my 10 is too much or capitals together for you to be able to make more profit but it needs affirmation the person is a very honest person you don't want to fall into victim of losing your profit to someone

 

[Josephjossy]

Before you start any business with anybody, make sure you trust the person. Study him or her very well. To avoid running business with the wrong person, you make end up losing your money and losing the business as well

 

[Oluwasube]

Your self and your partner should be bringing different skill set to the table. This gives room for everybody to actively play a role base on their strength.

 

[Kehinde]

going into business with a partner is being able to make the most of shared resources and complementary talents of others in a new enterprise. But going into business together is more than just two people with complementary talents "teaming up" to work together .

 

[abubakar3141]

Establishing a general partnership is the best way to start a company with someone else. To set up one, you do not have to file reports with the state, your company income will flow directly to your personal tax return, and you will not have ongoing recordkeeping or reporting obligations.

 

[Ayokex]

Starting a new business with someone requires a serious carefulness if one doesn't want to regret at the end. Human beings are very difficult to trust these, even your closest friend might end up betraying you. You need to make sure that the person you're doing a business with is someone you know very well and make sure you involve a legal backups.

 

[Olubayo12]

What are the tips you think I should employ if I would like to start a partnership with someone?

The first thing I will tell you is that even if the person is someone very close to you, be sure that you are not relying on his knowledge for the business. Make sure you also know very much about it and be expecting that you guys fan break up the business any time.