What shall I consider when taking on a partner? I started a business in April last year and had to move to larger space by December of last year. I dont have any business loans. Everything I put into my business I have done so with my own money. Someone approached recently and asked how much would it take to be a partner.
Taking on a partner in business is like getting married.
Talk to your lawyer and have a partnership agreement worked out.
Talk to your accountant and ask the accountant how much is a fair amount
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