The most popular business structure is a sole proprietorship, and for good reason -- it is faster, easier and cheaper to set up than any other business structure. However, one of the drawbacks of being in business by yourself, for yourself, is becoming isolated and lonely. A business partnership not only solves this dilemma, but it also provides more flexibility and freedom for some business owners.
But like any business structure, a partnership can either be a dream come true or your worst possible nightmare. Therefore, before you endeavor into the world of entrepreneurship with a business partnership, it would be wise to consider the following information.
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