Assume that you are starting a partnership firm with your friends develop a business plan covering the following aspects formation of these partnership firm, rules and step that would be followed including the partnership deed
Choice of types of partners involved and your justification for the same
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In some cases, friendships prove to be the backbone of many successful businesses. A number of big-name companies in a number of industries are run by pairs of close friends — from the fashion-forward pals who launched Juicy Couture nearly a decade ago, to the moms (and BFFs) with a passion for healthy snacks who founded Tasty.
“Many times we don’t get to choose who we work with,” says Nicole Zangara, LCSW, author of “Surviving Female Friendships: The Good, The Bad, and The Ugly.” “One of the advantages of going into business with your best friend [is] that you get to spend time with someone you really like, respect and admire. That can make working a lot more enjoyable.” Still, it’s no secret that mixing friendship with finances can be risky.