By Dr. Jim Dahle, WCI Founder

It’s been said that a partnership is the only ship that won’t sail. Mixing finances and business with family and friends is a good way to lose money and damage relationships. The problem with a partnership is the natural human tendency to view your efforts and contributions as being larger and more important than your partner’s.

If you really want to have a problematic partnership, split it 50/50. At least in a partnership with a clear majority partner, there is an obvious boss who calls the shots. The minority partner might not like the outcome, but the fight will end quickly.

Other Options Besides a Partnership

While a partnership might be the first business structure that comes to mind when you think about working with someone in a business, there are other options.

As mentioned above, a partnership with a majority and a

Keep reading this article on The White Coat Investor.

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