How to form an equitable business partnership
March 20, 2008 3:53 PM Subscribe
How to structure a business partnership? Imagine this scenario: Two people want to go into business together. One person has the money to start the business, but no ability to actually run the business. The other person has the expertise to run the business, but no money to actually invest. How do they co-own the business in a way that is fair to both parties in respect to profits, debts, responsibilities and decision making?
posted by billyfleetwood to Work & Money (18 answers total) 12 users marked this as a favorite
If there are any books or resources that cover this sort of thing, let me know. I'm not making any business decisions based on this advice. I recently found myself in a conversation about the subject,and realized halfway through that I didn't know as much as i thought I did.