Article: Internet Partnerships - Don?t Throw Away Your Business
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Internet Partnerships - Don?t Throw Away Your Business
General partnerships are a poor business entity choice when it comes to pursuing business activities. They fail to provide the asset protection shield that should always be put between your business activities and personal assets. Many small businesses, however, find it profitable to combine their product or services with other small businesses. In doing so, they often fail to realize that they are subjecting them to the same exposure as a general partnership.
Why Even Worry About It?
You put a lot of time, money and sweat into your business. After years of effort, you have it fine-tuned and are making a nice living. How willing are you to lose your business?
Consider the following hypothetical situation involving two sole proprietors. Our first...
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