Sole Proprietorship Pros & Cons

Sole proprietors operate many types of business ventures,

such as those involving consulting and freelance work,
commission sales and independent contracting. For the
right kind of business, a sole proprietorship can be a
convenient way to run a company. Unlike other business
structures, sole proprietorships are typically not regulated
by state or federal government agencies, which can have
both benefits and drawbacks.

Advantages
There are many advantages to operating a sole
proprietorship. For instance, starting the company
requires very little paperwork or legal formalities. At
most, business owners must register their business
name with the states corporate filing agency. Also,
there are very few regulations that apply to sole
proprietorships. Business owners are free to run the
company in any manner they see fit. They make all
decisions regarding how the business operates and
do not have to meet federal or state standards
regarding organizational structure or shareholders,
as with corporations.
Sole proprietors also have the benefit of not paying
business taxes. Company profits are filed on the
owners personal income tax return. All business
profits can be reinvested in the company or passed
directly to the business owner. Further, when it is
time to close up shop, the business can be easily
dissolved, according the Small Business
Administration.

Disadvantages
One of the biggest disadvantages of a sole
proprietorship is that it does not provide business
owners with any liability protection. Sole
proprietorships have no limited liability. If the
company were to be sued, the party seeking the
judgment can rightfully come after the assets of the
business as well as the personal assets of the
business owner. Sole proprietorships are considered
a risky business structure for this reason.
Entrepreneurs are vulnerable to lawsuits and are at
risk of losing personal possessions if company
assets are not sufficient to cover bad debts.
Sole proprietors are also less likely to attract a
significant amount of business financing for

expansion and growth. According to the Small

Business Administration, many sole proprietors are
often limited to using funds from personal savings or
consumer loans.

Function
Sole proprietorships exist to provide an
unincorporated business structure for a one-person
organization. They are designed for people in
business for themselves without partners or
business associates. Sole proprietors are essentially
both business owners and employees. In addition to
running the company, the business owner must
withhold income taxes and make other provisions as
if he were an employee working for the company.

Size
Most small businesses begin as a sole
proprietorship. The business may open as a oneperson entity but can evolve into a larger
organization, such as a partnership or corporation,
as the company grows. Assets of sole
proprietorships are often limited but can vary,
depending on the nature of the business.

Misconceptions
Many sole proprietors are under the impression that
they qualify for business tax deductions simply
because they operate a business. This is not the
case. According to the Internal Revenue Service, to
be deductible, a business expense must be both
ordinary and necessary. In addition, it is also
necessary to separate business and personal
finances and ensure that money is not mingled, to
avoid penalties from the IRS.

The Pros & Cons of a Sole

Proprietorship & Corporation
The first decision you must make when starting your small
business is what form of business entity, or business
structure, to use. This is significant because your selection
will have legal and tax implications. Sole proprietorship and
corporation are two commonly used business structures.
There are advantages and disadvantages for both that you
should consider when making your decision.

Pros of Sole Proprietorships

Cons of Corporations

Sole proprietorship is the easiest, least expensive

and most frequently formed business. One person
owns and controls the business and startup costs
are small, since legal fees are limited to getting
required permits and licenses. The owner makes all
decisions pertaining to the business without
obligation to anyone else. A sole proprietorships tax
rates are the lowest among all business structures.
Tax preparation is uncomplicated and the business is
not taxed separately, since all business income is
the owners income.

It takes a lot of time and money to establish a

corporation. Incorporating involves startup, tax and
operating costs that other business structures dont
need. Another disadvantage of a corporation is
double-taxation, since in some instances, the
company pays taxes on profits and then
shareholders must pay additional taxes on dividends
paid by the corporation out of those profits. A
corporation is highly regulated by state, federal and
even some local agencies, which means added
recordkeeping and paperwork requirements for this
business structure.

Pros of Corporations
Corporations are an independent legal entity owned
by one or more shareholders who might be
individuals or entities. A corporation offers
shareholders limited liability protection from the
businesses debts and actions. Typically,
shareholders are only liable for their stock
investment in the business, and their personal
assets are protected. Corporations can raise money
for the business through selling stocks. Ownership
interests in a corporation are freely transferable. The
business can exist indefinitely, as long as corporate
regulations are met.
Related Reading: Differences Between Sole
Proprietorship, Partnership and Corporation

Cons of Sole Proprietorships

The biggest disadvantage of a sole proprietorship is
the absence of personal liability protection. Since
the sole proprietorship owner and business are
legally considered as one, the owner is personally
responsible for all business obligations and debts.
This also means, if the business owner dies, the
business enterprise ends. Sole proprietor
businesses' funding is limited to the owner's ability
to personally raise money, since sole proprietors
cant sell stocks to raise money. The owner carries
the heavy burden of the business's success or
failure.

The partnership structure has the benefit of

simplicity and control but the drawback of
personal liability for the partnership's activities.
LEARNING OBJECTIVE
Describe the legal pros and cons of a
partnership
KEY POINTS
The partnership is a type of business structure
open to businesses run and owned by two or
more entrepreneurs.
A large advantage of the partnership structure
is its ease, in terms of filing and tax treatment.
A general partnership can be started with no
special formalities. The partners are taxed
individually on their share of the partnership's
profits.
The structure's main disadvantage is that
partnership owners can be personally liable for
business losses. The partnership is not a
separate entity from the owners/entrepreneurs,
unlike a corporation.
Types of partnership beyond the general
partnership have developed to mitigate some
of the disadvantages of the structure. Limited
partnerships and limited liability partnerships
are two examples.
TERMS
partnership
An association of two or more people to
conduct a business,
liability
An obligation, debt or responsibility owed to
someone.

Business Organization Types

Business organizations can be structured in

various ways, in terms of their structures as
legal entities and also in terms of the internal
structure and management processes. The
partnership is one type of business structure.
The partnership is the next simplest business
structure after the sole proprietorship. Because
sole proprietors can only have one owner, the
partnership is the simplest structure open to
collaborative ownership .

disadvantages of the structure. Limited

partnerships allow limited liability for some
partners who have no management authority,
and in some cases (depending on the
jurisdiction) limited liability partnerships
provide for limited liability for all partners.
The corporate structure is less simple to found
and maintain but has the advantages of limited
liability and perpetual life.
LEARNING OBJECTIVE

Partnership

The partnership is the simplest structure open

to collaborative ownership.
Partnership: Pros and Cons
A large advantage of the partnership structure
is its ease in filing and tax treatment. With a
general partnership, two or more people can
start a business as co-owners with no special
formalities, directly controlling the partnership
and making binding decisions with a simple
majority vote. The partners are taxed
individually on their share of the partnership's
profits. By default, profits are shared equally
among the partners. However, a partnership
agreement will almost invariably expressly
provide for the manner in which profits and
losses are to be shared.

Distinguish the corporate entity from

other types of business organizations

KEY POINTS

Compared to sole proprietorships

and partnerships, the corporation is more
complicated to found and maintain, one
of its disadvantages. The incorporator
must file articles of incorporation as well
as hold an organizational meeting to
elect a board of directors.

The structure also generally requires the

maintenance of at least annual reporting,
including annual financial
statements and other data.

One of the most favorable advantages of

The structure's main disadvantage is similar to
the corporate structure is the protection
the sole proprietorship. Owners can be
of personal assets of stockholders,
personally liable for business losses in some
directors, and officers. They are limited
forms of partnership, meaning their
in liability to the amount they have
personal assets are not protected against the
invested in the corporation.
claims of creditors. The partnership is not a
Also, because the corporation is an entity
separate entity from the owners/entrepreneurs,
separate from its owners, ownership is
unlike a corporation. This means that the
easily transferable. Similarly, the
partnership structure is only as good as the
corporation does not cease to exist with
partnership at the relational level. If the mutual
the death of shareholders, directors, or
consent to form a partnership breaks down, the
officers of the corporation.
partnership breaks down as well; partnerships
are considered to be an aggregate of their
TERMS
partners rather than a separate entity.
incorporate
There has been debate in most states as to
whether a partnership should remain aggregate To form into a legal company.
or be allowed to become a business entity with
liability
a separate continuing legal personality. Types of
partnership beyond the general partnership
have developed to mitigate some of the

An obligation, debt or responsibility owed to

someone.

losses, deductions, and credit through to their

shareholders for federal tax purposes. S status
combines the legal environment of standard
One of the world's largest companies by
corporations with U.S. federal income taxation
revenue, it is structured as a corporation.
similar to that of partnerships. As with
partnerships, the income, deductions, and tax
Corporation: Cons
credits of an S corporation flow through to
Compared to other business structures, such as shareholders annually, regardless of
sole proprietorships and partnerships, the
whether distributions are made. Thus, income is
corporation is less simple to found and
taxed at the shareholder level and not at the
maintain, one of its disadvantages. The
corporate level. Payments to S shareholders by
incorporator must file articles of incorporation
the corporation are distributed tax-free to the
with the secretary of state's office in the state
extent that the distributed earnings were
in which it will be incorporated, as well as hold
previously taxed. Also, certain corporate
an organizational meeting to elect a board of
penalty taxes (e.g., accumulated earnings tax,
directors. The structure also generally requires personal holding company tax) and the
the maintenance of at least annual reporting. In alternative minimum tax do not apply to an S
many jurisdictions corporations, whose
corporation.
shareholders benefit from limited liability, are
required to publish annual financial statements The sole proprietorship structure has the
benefit of simplicity and control but the
and other data, so that creditors who do
business with the corporation are able to assess drawback of unlimited liability.
the creditworthiness of the corporation and
LEARNING OBJECTIVE
cannot enforce claims against shareholders.
Shareholders, therefore, experience some loss
Describe the key characteristics of a sole
of privacy in return for limited liability. There is
proprietorship
also the issue of double taxation, wherein the
corporation is taxed on its profits and
shareholders are also taxed on their earnings.
KEY POINTS
Corporation: Pros
One of the most favorable advantages of the
corporate structure is the protection of
personal assets. Stockholders, directors, and
officers of a corporation are typically not liable
for the company's debts and obligations. They
are limited in liability to the amount they have
invested in the corporation. This limited liability
also makes financing more attractive from
a risk perspective. Also, because the
corporation is an entity separate from its
owners, ownership is easily transferable.
Similarly, the corporation does not cease to
exist with the death of shareholders, directors,
or officers of the corporation. Another benefit of
the corporate structure is that, in the United
States, corporations are generally taxed at a
lower rate than are individuals.
Best of Both Worlds: The S Corporation
S corporations are merely corporations that
elect to pass corporate income,

The sole proprietorship is a type of

business structure open to businesses
run and owned by one entrepreneur.

A large advantage of the sole

proprietorship structure is its ease. The
sole proprietorship structure does not
require filing of articles of incorporation,
regular meetings, or election of a board.
A sole proprietor also files taxes as
personal income.

The other side of this process is the

structure's main disadvantage: there is
no separation between the entrepreneur
and the business. This means the sole
proprietor is personally liable for
business losses. Also, if the proprietor
dies, the business ceases to exist.

TERMS

proprietor

An owner

A sole proprietorship is a simple type of

business structure that is owned and operated
A person who organizes and operates a
by the same person. It does not involve many
business venture and assumes much of the
of the complex filing requirements associated
associated risk.
with other types of business structures such
as corporations. Sole proprietorships allow
Overview of Business Structures
persons to report business income and
Business organizations can be structured in two expenses on their individual tax returns.
major ways, namely, in terms of their structures
Sole proprietorships are attractive to small
as legal entities and also in terms of the
internal structure and management processes. investors because they are relatively easy to
start up. Also, the owner is entitled to all the
The sole proprietorship is one type of business
structure from a legal status perspective. It is a profit that the sole proprietorship collects. On
structure open to businesses run and owned by the other hand, sole proprietorships can be
risky because there is no separation between
one entrepreneur.
the owner and the business.
Sole Proprietorship
In other words, the owner remains personally
Small businesses (mom and pop shops, in
liable for any losses or debts that the sole
layman's terms) such as this local market are
proprietorship incurs. They can also be held
most often structured as a sole proprietorship.
legally responsible for violations committed by
the business or its employees. A sole
Sole Proprietorship: Pros and Cons
proprietorship can best be summed up by the
A large advantage of the sole proprietorship
phrase, "You are the business."
structure is its ease of filing incorporation and
tax documents as well as having uninterrupted What Are Some of the Advantages of a Sole
control of the business. The sole proprietorship Proprietorship?
is one type of business structure in the US that There are many reasons why a person would
does not require formal incorporation, meaning choose to start their business up using a sole
that sole proprietors do not need to formally file proprietorship structure. Some of the main
articles of incorporation, hold regular meetings, advantages of sole proprietorships include:
or elect an advising or directing board. This
Ease of formation: Starting a sole
simplicity is also reflected in tax treatment, as a
proprietorship is much less complicated
sole proprietor files taxes as personal income.
than starting a formal corporation, and
Sole proprietors also have control over the
also much cheaper. Some states allow
aspects of their business without the
sole proprietorships to be formed without
involvement of elected board members.
the double taxation standards applicable
On the flip side, the sole proprietorship has one
to most corporations. The proprietorship
main disadvantage: there is no separation
can be named after the owner, or a
between the entrepreneur and the business.
fictitious name can be used to enhance
With sole proprietorships, like some forms
the business marketing.
of partnership, owners can be personally liable
Tax benefits: The owner of a sole
for business losses, meaning their
proprietorship is not required to file a
personal assets are not protected against the
separate business tax report. Instead,
claims of creditors. The sole proprietorship is
they will list business information and
not a separate entity from the
figures within their individual tax return.
owner/entrepreneur, unlike a corporation. As a
This can save additional costs on
result, if the proprietor dies, the business
accounting and tax filing. The business
ceases to exist. Because the enterprise rests
will be taxed at the rates applied to
exclusively on one person, it often has difficulty
personal income, not corporate tax rates.
raising long-term capital.

entrepreneur

What Is a Sole Proprietorship?

Employment: Sole proprietorships can

hire employees. This can lead to many of
the benefits associated with job creation,
such as tax breaks. Also, spouses of the
business owner can be employed without
having to be formally declared as an
employee. Married couples can also start
a sole proprietorship, though liability can
only assumed by one individual.
Decision making: Control over all
business decisions remains in the hands
of the owner. The owner can also fully
transfer the sole proprietorship at any
time as they deem necessary.

What Are the Disadvantages of Sole

Proprietorships?
Forming a sole proprietorship does involve
some risks, mainly to the owner of the
business, as legally speaking they are not
treated separately from the business. Some
disadvantages of sole proprietorships are:

result in heavy tax consequences on

beneficiaries due to inheritance taxes
and estate taxes

Difficulty in raising capital: Since the

initial funds are usually provided by the
owner, it can be difficult to generate
capital. Sole proprietorships do not issue
stocks or other money-generating
investments like corporations do

So, while sole proprietorships do not

necessarily create more liabilities, they do
expose the business owner to a risk of being
sued. Lawsuits can be filed against the business
owner for legal violations, as well as to collect
any outstanding debts.
Do I Need a Lawyer to Start a Sole
Proprietorship?
If you plan on starting a sole proprietorship, you
should be fully aware of the various pros and
cons that are involved in such a business
endeavor. It would be a wise decision to consult
with a business lawyerbefore you file for sole
proprietorship. Business laws vary from state to
state, and a business attorney can help explain
the various laws to you. Also, your lawyer can
help you calculate the risks involved and help
determine whether a sole proprietorship is the
right business structure for you.

Liability: The business owner will be

held directly responsible for any losses,
debts, or violations coming from the
business. For example if the business
must pay any debts, these will be
satisfied from the owners own personal
funds. The owner could be sued for any
unlawful acts committed by the
employees. This is drastically different
from corporations, wherein the members
enjoy limited liability (i.e., they cannot be
held liable for losses or violations)
The most important decision an entrepreneur
Taxes: While there are many tax benefits can make is how to form his or her company. If
to sole proprietorships, a main drawback a business owner has a partner or partners,
frequently the most obvious choice is to form a
is that the owner must pay selfpartnership. But, like everything, partnerships
employment taxes. Also, some tax
come with their own pros and cons. In fact,
benefits may not be deductible, such as
forming a partnership should be based on what
health insurance premiums for
is best for the company, not simply because
employees
there is more than one person involved in
Lack of continuity: The business
the business.
does not continue if the owner becomes
There are three types of partnerships - a
deceased or incapacitated, since they
general partnership, limited partnership, and
are treated as one and the same. Upon
limited liability partnership.
the owners death, the business is
liquidated and becomes part of the
General Partnership
owners personal estate, to be
distributed to beneficiaries. This can

Partnerships: Pros and Cons

General partnerships consist of two or more

partners who are both responsible for the
business. They share the assets and profits, as
well as the liabilities and management
responsibilities for running the business.
Each of the individual general partners is taxed
on his or her personal income tax return, which
means they must include the business' income
on their income tax returns. Each partner can
also deduct losses from the business on his or
her own individual tax return. This pass-through
tax treatment is one of the most beneficial
advantages of forming a partnership. With
pass-through tax treatment, filing is relatively
easy. There is no taxation to the business itself;
all income, deductions, and credits, "pass
through" to the individual partners and are
reported on their individual tax returns.
Another benefit of general partnerships is their
simplicity and flexibility. General partnerships
are usually less expensive to form and require
less paperwork and formalities than
corporations, limited partnerships or limited
liability partnerships. General partnerships can
choose a centralized management structure,
like a corporation, or a completely
decentralized structure, where every partner is
actively involved in the management of the
business. Other advantages of a general
partnership are that the partners can combine
resources and share the financial commitment.
There are disadvantages to general
partnerships, principally liability. General
partners are personally liable for the business
debts and liabilities. Each partner is also liable
for the debts incurred by the actions of other
partners. Because of this potential personal
liability, general partnerships are limited in
their ability to raise money and
attract investors.
Limited Partnership
If 100 percent liability is too much of a risk, a
business owner may opt for either a limited
partnership or a limited liability partnership. In
a limited partnership, there are one or more
general partners and one or more limited
partners. The general partners participate in
management and have 100 percent of the
liability for partnership obligations. Limited

partners cannot participate in the management

and have no liability for partnership obligations
beyond their capital contributions, protecting
them against personal liability for the
partnership's debts and other obligations. They
do, however, receive a share of the profits for
their involvement as limited partners.
Many partnerships are formed as limited
partnerships because the limited liability is
attractive to passive investors. Businesspersons
find it easier to market limited partner interests
as an investment, and general partners can
raise money without involving outside investors
in the management of business. Assets are also
protected in a limited partnership. Unlike
corporate law, which allows a shareholder's
stock to be confiscated in a personal lawsuit,
there are provisions that protect a partner's
interest in a limited partnership from being
taken away when that partner is sued
personally. A limited partnership also enjoys the
advantages of pass-through tax treatment, as it
is taxed like a general partnership in that it is
the profits and losses pass through to the
partners who then include their allocated
income on their personal tax returns.
Besides the obvious advantages of limited
liability for limited partners, a limited
partnership can also allow the general partners
to use their expertise to make important
decisions in managing the business. However,
having general partners can also be a
disadvantage, in that they still assume 100%
personal liability. Limited partnerships also have
more filing formalities than a typical general
partnership. In addition, limited partners lose all
of their limited liability if they participate in any
management functions within the company.
Limited Liability Partnership (LLP)
For the business owners who do not want to
assume any liability whatsoever, there are
limited liability partnerships (LLPs). An LLP
allows limited liability for all of the partners.
Like general and limited partnerships, LLPs pass
the profits and losses through to the partners,
and LLPs have the flexibility of choosing either
a centralized management structure or a
completely decentralized structure like a
general partnership. Unlike a general

partnership, partners in an LLP have limited

liability and, unlike limited partners in a limited
partnership, they do not lose their limited
liability if they actively participate in
management.
Probably the biggest disadvantage to forming
an LLP is that it is available only for certain
occupations, such as attorneys or physicians.
This significantly limits the number of
businesses that have LLP formation as an
option. In addition, a partner in an LLP is
personally liable for his or her own negligence,
or the negligence of an employee working
under the partner's direct supervision. The
partner is also personally liable for many types
of obligations owed to business creditors,
lenders and landlords. The partner is not
personally liable for the negligence of the
other partners.
Before deciding on a business formation
strategy, it's always smart to talk to your legal
and tax professionals.

The Pros and Cons of

Partnerships

General partnerships have many benefits, but

perhaps the most compelling is the ease with
which they can be set up and maintained. You
do not have to register with your state and pay
fees, as you do to establish a corporation or
limited liability company (LLC). And because a
general partnership is normally a "pass
through" tax entity -- meaning the partners,
and not the partnership, are taxed -- filing
income tax returns is relatively easy. Unlike a
regular corporation, there is no need to file
separate tax returns for the corporate entity
and its owners.
Another advantage of general partnerships is
the flexibility they offer. In partnership
agreements, the partners are free to set their
responsibilities and benefits as they see fit or
as the needs of the business dictate. The
structure of the organization and the
distribution of profits and losses are much more
flexible in a general partnership than they are
in a corporation. Because of this, an individual
partner can be rewarded with higher profits for
taking on more financial risk. Typically,

corporations distribute dividends evenly

according to the percentages of stock held by
each stockholder.
Partnerships are also considered a discrete
asset and as such (as opposed to a sole
proprietorship) can be transferred to other
people, heirs, or estates. Transference is usually
limited by the terms of the partnership
agreement.
But partnerships can also be risky. The
business-related acts of one partner can legally
bind all other partners. So it's essential that you
enter into partnerships only with people you
trust. It is equally essential that, no matter how
much you trust your partners, you execute a
written partnership agreement establishing
each partner's share of profits or losses, day-today duties, and what happens if one partner
dies or retires.
Another disadvantage of doing business as a general
partnership is that all partners are potentially personally
liable for all business debts and lawsuits. At a minimum,
each partner is financially responsible for his or her share
of the business debt. But in many cases, it is the partner
with the greatest assets who loses the most if the
business fails. Of course, a good insurance policy can help
reduce lawsuit worries, and many small, savvy businesses
don't have debt problems.
General partnerships are also limited in their ability to
raise money. Other than debt financing, partnerships are
often unable to get large chunks of cash. Although a
partnerships can raise capital by selling equity interests,
that's very difficult to do on a large scale because of
potential personal liability and the limited resale market
for partnership equity.
Bottom line: Avoid general partnerships and consider
forming an LLC or an S corporation for start-up
businesses.

as with other business considerations, though,

partnerships can be a good or bad thing
depending on the parties and circumstances
involved.
Some possible pros:
Shared cost of start-up.
Shared responsibilities and work.

Shared business risks and expenses.

Complementary skills and additional contacts of
each partner can lead to the achievement of
greater financial results together than would be
possible apart.

here are some questions to ask yourself to find

out if you're compatible:

Do we have the same motivation, values

and similar work habits?

Do we have a similar vision, ideas and

objectives about how to run the
business?

Is each of our strong points and skills

complementary to one another?

Are we both able to communicate well

with one another in a pleasant, respectful
and comfortable manner?

Mutual support and motivation.

Some possible cons:
Partners in a general partnership are jointly and
individually liable for the business activities of
the other. If your partner skips town, you'll be
liable for all the debts, not just half of them.
Shared profits.

In your gut, do you trust this individual?

You do not have total control over the business.
Decisions are shared, and differences of opinion You will also need to do some research about
can lead to disagreements, a "falling out," or
your prospective partner. Check out the
even one partner buying out the other.
individual's background thoroughly by, for
example, talking to former employers or
A friendship may not survive a partnership.
business partners.
Keep in mind John D. Rockefeller's famous
words: "A friendship founded on business is a
As tempting as it is to go into business with a
good deal better than a business founded on
friend or relative, be aware that there's a big
friendship."
difference between getting along with someone
on a social basis -- and getting along with the
efore entering into a partnership, you would be
same individual amidst the daily stress and
well served to first determine whether or not
strain of running a business. Many a friendship
you yourself are cut out to be the "partner
has been lost forever to a business partnership
type;" and if so, to thoroughly investigate
gone bad.
prospective business partners as well.
Since a partnership is typically much easier to
Are you the business partner type?
get into than to get out, you'll want to achieve
Do you prefer to do things solo? Be aware that
absolute clarity at its onset. Avoid any potential
the longer you've worked for yourself, making
problems by making sure duties and
decisions without consulting anyone else, the
responsibilities of each partner are detailed in a
more difficult you're likely to find sharing the
legal agreement. This agreement should
decision-making.
include and set forth: division of labor including
There's also a chance that one business partner who'll be responsible for making purchase
decisions; how much capital each will
may not work as hard as the other, but will
contribute; who owns what; how decisions will
want the same rewards as the more valuable
be made, profits will be shared, disputes will be
partner. If you have a low tolerance level for
this type of inequity, partnership may not be for resolved; a buy-sell agreement; and who will be
entitled to what if the partnership doesn't work
you.
out.
Is your prospective business partner a
Involve a lawyer and an accountant from the
good match?
A business match is much like a marriage, and outset to help form your partnership and to
draw up legal agreements. And don't forget,
just as one would normally take great care,
take your time. Just like a good marriage, you'll
time and consideration in the selection of a
want this business partnership to last.
mate, so it should be in the selection of a
business partner. During your "dating" period,