As if entrepreneurship wasn’t scary enough, we have this incomparably unknown and yet timeless institution of corporate America, from the smallest endeavor of the lemonade stand to a superior launch of a law firm — the business partnership. Of course, one would think that such a thing would be a lot easier to deal with than simply being a sole proprietorship as many entrepreneurs are. That’s not the case.
You’re cooperating with another human being, basically. It’s a type of unincorporated business, subject to everything like taxes, certain regulations and even government inspections depending on the industry you’re in. There will always be conflicts of interest, disagreements and legal repercussions.…Continue reading