Search Results for: partnership

Why Is It Important to Have a Formal Business Partnership Agreement?

May 14, 2021


When you are starting out a business, you should keep in mind how you’ll run it. Naturally, you’ll want major control if it’s your business, but if you decide to partner up with someone, that’s when things can get tricky.

There’s nothing inherently wrong with having a business partner, though. Having two minds working to solve problems and get the business off the ground is great. There’s a lot of benefit in having an additional person around.

The trouble lies more in ownership, decisions, duties, and at the end of the day, profit. If these aren’t outlined in a legal partnership agreement, then you will run into major problems in the future.

Take a look at these reasons why it’s important to have a formal business partnership agreement with your business partner.

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6 Strategic Partnerships That are Revolutionizing Social Impact

January 28, 2021


According to a 2020 report by the Forum for Sustainable and Responsible Investment, approximately one of every three dollars in U.S. professionally managed assets is invested in assets defined as “sustainable.” That’s more than $17 trillion in wealth.

As impressive as that figure is, it doesn’t account for direct investments by self-directed individuals. Nor does it account for private placements, private equity investments in non-public enterprises, or early-stage investments by socially conscious angels and venture capitalists. (And more.)

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Your Essential Guide to Choosing Partnership Structure for New Business

June 9, 2015

business handshake

business handshake


One of the most important items anyone needs to take care of when starting a business is how to structure the business entity. It is even more challenging when you are starting a business with a partner. You will need to know about various types of partnerships and how to set them up.

Of course you need to have a name of the business ready before you can form a legal entity with that name. Trade names are usually protected as intellectual property, so make sure you’re not infringing on someone else’s property rights when you name your company. If you’re going into business with someone else, choose a nominated partner and register with HM Revenue and Customs (HMRC). The nominated partner is responsible for managing the partnerships tax returns and keeping records.

There are several ways to set up the business as a partnership as explained below.

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How to Make Partnership Work

May 19, 2010


Statistics show that more than half of partnerships usually end up in failure. This is a reason enough to discourage many would be partners from getting into business with partners. However, it doesn’t have to be this way. Given sufficient precautions the partnerships can not only avoid failure; but can thrive.

There are a number of successful partnerships at a larger scale that have worked well. For example, the triumvirate at the helm of Google – Sergey Brin, Larry Page and Eric Schmidt has grown the company’s sales to more than $23 billion in 2009. So what makes a partnership successful and how can you use it in your situation? Below we have identified several traits of successful partnership from our own experience and that of others.
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5 Reasons to Establish Partnership

May 17, 2010


The failure rate of businesses with partnership is much higher than those managed without partnership. So why would anyone want to get in the partnership? Despite what statistics shows there are some valid reasons why you should consider establishing partnership. As I mentioned in my previous blog there are pros and cons of partnerships. As long as you take steps to make it work you can get what you want out of partnership.
Here are 5 reasons why you should consider getting into partnership. In some cases there may be multiple scenarios depending on the situation and number of partners involved.
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Pros and Cons of Partnership

May 13, 2010


Many people would love going in the business with a partner for variety of reasons. At the same time you will find equal number of others who hate the idea of working with a partner and losing independence. What is it about the partnership that brings different reactions from different sets of people? In this article we will highlight the pros and cons of being in a partnership.

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7 Ways to Boost Your Brand for B2B SaaS Marketing

April 16, 2024 Leave a Comment


Thriving in the B2B SaaS (Software as a Service) marketing arena requires more than just a presence—it demands impactful strategies. As businesses endeavor to distinguish themselves and forge connections with potential clients, the need for adaptable and refined approaches becomes evident. In an industry where competition is fierce and trends evolve rapidly, it’s essential to stay ahead of the curve. Here are seven potent strategies to elevate your B2B SaaS brand.

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Strategies for Wealth Management Across Generations

April 15, 2024 Leave a Comment


Wealth management combines various financial services to secure and grow wealth in alignment with individual goals. Technology and sustainability are increasingly influential in directing the current and future trends in wealth management. Intergenerational wealth transfer requires careful planning and family involvement to maintain financial legacies. Financial literacy strengthens one’s ability to make informed decisions and communicate with advisors effectively.

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Impact of Online MBA Programs on Career Advancement and Salary Growth

March 7, 2024


If salary growth is the primary motivation for pursuing an MBA, it’s essential to understand how online MBA programs can help. Graduates of online business schools like Worcester Polytechnic Institute reported the highest level of achieving their primary career-related reason for enrolling in their MBA program.

Companies also see that an excellent online MBA degree is more valuable than the format in which it was delivered.

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Exploring the Impact of Ecommerce Events Worldwide

January 15, 2024


COVID-19 crisis has accelerated dynamism in e-commerce, opening up new firms, customers, and products. This dynamism must be reinforced by addressing factors limiting participation, such as digital connectivity, (international) logistics, and access to online payment mechanisms.

Ecommerce events inform industry professionals about the latest trends and best practices, from expos to summits. They include keynotes, unique content, and strategic insights.

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