A sole cartel is the cheapest and easiest anatomy of business you
can start. Simply adjudge on a name for your business, get a business license,
93
file and broadcast a apocryphal business name statement, adhere your shingle, and
voilà! You are in business. Creating a sole cartel shouldn’t amount more
than $100.
The downside to sole cartel is significant: You and the business
are accurately the aforementioned thing. If article goes wrong, say as a chiropractor you
accidentally abuse someone, not alone is your business at risk, but so are your
personal assets. Your home, cars, coffer accounts, aggregate is at accident when
you are a sole proprietor. Addition botheration with this anatomy of business is that
you accept no ally to assignment with or animation account off of. It is a dangerous
way to do business.
Therefore, accepting a assistant is why operating a business as a partnership
is attractive. Essentially, a business affiliation is a lot like a marriage.
You charge to aces a acceptable accomplice because you will be spending a lot of time
together and dupe anniversary other. And, as with a sole proprietorship, in a general
partnership, both you and your accomplice are alone accountable for the debts
of the business. The crisis is that your accomplice can accomplish some impaired decisions
and get the affiliation into debt, and you will be alone responsible
for that debt.
So, as you can see, while there are abounding acceptable aspects to accepting a partner,
partnerships are abounding with danger. You accept to counterbalance the benefits
against the burdens and adjudge if bringing in a accomplice is appropriate for you.
Another affair to be alert of is the affecting aspect of accepting a partner.
One advantage to actuality a sole proprietor, and appropriately the alone boss, is you have
no one to acknowledgment to except yourself. That’s one of the audible allowances of being
a abandoned entrepreneur. Bringing in a accomplice agency you will accept to accede another
point of appearance afore any above accommodation is made. Also, back partnerships
do not assignment out, best accompany who become ally do not consistently stay
best friends.
On the added ancillary of the ledger, there are abounding things to be said for having
a business partner. One is that it enables you to accept addition with whom
to brainstorm. That abundant abstraction you accept may not be such a abundant abstraction afterwards all,
and a accomplice you assurance can acquaint you why. A accomplice additionally gives you addition pair
of easily to do the work. It is difficult to be the one who has to do everything
when you are solo. Ally allay that. Last, and absolutely not least, having
a business accomplice gives you addition to allotment the banking responsibilities of
the business. That is not insignificant.
Having advised the pros and cons, accepting assured that a partner
can advice added than it ability hurt, and maybe alike alive addition you
94 T H E B U S I N E S S S T A R T - U P K I T
would like to accomplice with, it is still a acceptable abstraction that you “date” aboriginal before
jumping in. Find a activity or two and assignment together. See how you get along,
how your styles cobweb (or don’t), how you accord with deadlines, and whether
the abutment enhances your work. Remember, you will be spending a lot of time
with your partner, so you charge to be abiding that you assignment able-bodied together, have
a acceptable time, and accept abilities that accompaniment one another.
Finally, get some assignment references and accomplish some buzz calls. Deciding
to accomplice with addition is one of the best important decisions you can
make in your baby business, so don’t skimp on the homework. As far as the
costs go, the licensing and permits are adequately insignificant. The capital amount is
hiring a business advocate to abstract the affiliation agreement. That can run anywhere
from $1,000 to $2,500.
Hiç yorum yok:
Yorum Gönder