A partner should have knowledge of your business and industry and you must be able to work well with them, so personality fit is important, too.
Where to find a partner
You can ask your accountant and attorney for referrals. Try angel investors as possible business partners. Angel investors are private investors who invest in companies and seek better returns than traditional investments. Networking is another fantastic method to use when looking for a partner. By joining a networking group, you will connect with other business owners and entrepreneurs.
Partnership agreements are vital
When you start a business with a partner, drawing up a partnership agreement is necessary. There are pros and cons with partnerships, which is why it is so important to have a carefully thought-out partnership agreement that has been drawn up by a professional.
