Freelance to Founder

Should You Get a Partner?

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Apr 20, 2023
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ADVICE

Forming a Legal Partnership

  • Form a legal partnership like an LLC for easier outsourcing and taxes.
  • This simplifies finances and allows for joint accounts and clearer responsibilities.
ADVICE

Avoid 50/50 Partnerships

  • Avoid 50/50 partnerships to prevent decision deadlocks.
  • One partner should have final say, especially as the company grows and more money is involved.
ADVICE

Define Roles and Responsibilities

  • Clearly define roles and responsibilities within the partnership.
  • This clarifies who's in charge of what and minimizes conflict as the business grows.
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