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Partnership Advice

eoge · 2006-07-25 13:16:31

Hi, I'm about to enter into a partnership agreement with a business associate of mine and would like some advice. I have little or no real business experience and just want to be aware of any potential pitfalls. My associate is suggesting a 20/80 ownership and profit split (in his favour). Would this small percentage leave…

25-07-2006 1:16pm

#1

eoge

Closed Accounts Posts: 139 ✭✭

Join Date: June 2001

Posts: 108

Hi,

I'm about to enter into a partnership agreement with a business associate of mine and would like some advice. I have little or no real business experience and just want to be aware of any potential pitfalls. My associate is suggesting a 20/80 ownership and profit split (in his favour). Would this small percentage leave me vulnerable to forced buyouts or anything like that? As you can probably tell, I know very little about all of this.

I'd greatly appreciate any advice anyone can give me. Cheers.

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