So, you are thinking of acquiring a partner in your business. Maybe you want a partner to spread the workload or liability. You could have differing areas of expertise and want to become a “one-stop shop.” Or maybe you’re looking for someone to take over when you retire.
Either way, think before you get “engaged” and sign those final papers! As Lamar Curtis of IAG put it, “a partnership is like a marriage without the good parts.” Before moving forward, consider these suggestions.