Many people in Florida have dreams of owning their own businesses. In some cases, this may be achieved by working with another person and establishing a partnership. However, it is important that entrepreneurs proceed with caution before signing up to partner with another person as there may be serious legal and financial ramifications if a partnership does not work out as intended or hoped.
According to Inc. magazine, there are some things that partners should have in common and some things they should not. Values, a work ethic and expectations for the business and each other should be shared for maximum synergy between partners. Skills, knowledge and even industry contacts may be best if not shared so that each person can bring something unique to the business and provide strength in different areas.