PARTNERSHIP AGREEMENT
Advising business partners in creating tailored made “Partnership Agreement” suitable to their conditions and business structure.
Advising business partners in creating tailored made “Partnership Agreement” suitable to their conditions and business structure.
Partnership Agreement Services
Many business owners who form partnership, genuinely believe in sharing business success at the beginning. Their starting point is emotional partnership, friendship, relationship and mutual respect therefore they feel they do not need a written “Partnership Agreement”.
It is true that all partners are “equally, collectively and individually” responsible for business debt and liabilities. In order words, if you are a 50% partner in a partnership, you are still liable for 100% business losses, borrowing, debt etc, if other partner fails to meet his or her share of liability.
Decision making process involves more than 1 person delays the process
Each partner brings different skills, knowledge and competence and each partner has a strength in specific area of business
Disagreement often remain unresolved
Each partner feels that other partner is contributing less in time, efforts and commitments
Lack of clarity about role of each partner leads to expectation that ‘others will do what I have not done’
No written Partnership Agreement detailing the role, responsibilities, condition, obligation etc.
At Sterling Finance, we advise the business partners in creating tailored made “Partnership Agreement” suitable to their conditions and business structure.
Great service comes with understanding a customer’s needs, so we’d like to find out a little more about you. Get in touch and we will reply shortly.
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