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Startup Funding Espresso – Challenges of Partnerships
Challenges of Partnerships Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Bringing on a cofounder has many advantages. There are also disadvantages. Here's a list of challenges with partnerships: Decision making. Partners bring the challenge of making decisions. It's best to decide who has the final say in all decisions to avoid a stalemate. Liability. Both partners are liable for the debts of the business. Profit share. Partners share the profits, so it's best to figure out how it will be divided. Business continuity. The…
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