Selecting the right business partner is essential for the success of any shared business venture. However, even with the best of intentions and due diligence, things can go wrong, and you might realize that you've made a mistake in choosing your business partner. This...
If you are looking to expand your commercial real estate portfolio, at some point you may consider taking on an investment partner. There are pros and cons to business partnerships, but they can prove lucrative for both parties when they succeed. Below are some tips...
Business partners have a legal obligation to act in the best interests of the partnership and other partners, collectively referred to as fiduciary duties. It is what keeps a partnership alive and running since it enables the partners to work towards a common purpose...
Investing in real estate has been one of the most encouraged and profitable business ventures for years. You can invest in a vast range of options, depending on your preferences and goals. Further, you can go for a project alone or with a partner(s). This guide...
When another company breaches its contract with your business, you may end up scrambling to find an alternate service provider or supplier. Contract breaches can be very expensive. They can delay or complicate operations at one business or force a company into a...
Many people start business partnerships because it was the best and, likely, most financially stable decision at the time. It may have meant that many of the responsibilities for running a business were split. A partner can even bring in many connections that uplift a...
Resolving a business dispute in court is not always the ideal solution. It can be very expensive to go to court, and you may have to wait months before you have a hearing in front of a judge. You also have to worry about what the other party might say in court and how...
The first few months of your partnership can make you think everything will run perfectly, just as you envisioned. However, the good times may only last a while as things could change along the way, and you may no longer get along with your partners like before. A...
A business partner should be trustworthy and beneficial to a business. You should be able to rely on your partner to challenge the business and bring out new ways to improve the quality of work. Without them, you may feel your business wouldn’t be where it is today....
You're interested in investing in real estate, but you'd like to start an investment partnership. You believe that you and another business professional – or a friend or family member – will be able to have far more success together than either of you would have on...
