Taking on a business partner: pros, cons and what you need to do first

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HHG Legal Group

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HHG Legal Group has been serving Western Australians for over 100 years. With a large team across five offices, we offer top-notch legal advice and representation, exceeding expectations for all clients.
Entering a partnership agreement takes serious consideration of both benefits and disadvantages by all parties involved.
Australia Corporate/Commercial Law

Following on from our due diligence checklist, we now explore the question if you already own a practice "Do you need a business partner?" what should you do first as well as considering the pros and cons of entering a partnership.

Entering a partnership agreement takes serious consideration with both benefits and disadvantages weighing heavily on all parties involved. The questions being asked may seem simple, however the answers are not necessarily easy and can be very different depending upon each individual involved.

You can download this PDF for some practical information from Anne Hurley should you be considering a partnership as an option.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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