what is need to do to gain partnership in business?
Answers
Answer:
When starting a business, the secret to the success of every partnership agreement is rooted in trust and respect between the two partners. You must be able to trust the decision making, temperament, vision, and competence of your partner and vice versa. Make sure to respect one another's abilities and personalities.
Explanation:
PLS MARK AS BRAINLIST
PLS FLW ME IF U CAN
HOPE IT HELPS ❤
Answer:
You have been working with a business partner or partners for a while and you have decided to start a partnership. Great!
Any business with several owners is going to be more complicated than a one-person business, but by following these seven steps you can make the process quicker and easier for you and your partner or partners
Explanation:
What a Partnership Means
A partnership is a business organization with two or more persons as owners. Partnerships are governed by state laws, and a new partnership is registered with the state where it will be doing business.
Each partner shares in the organization's profits (and losses) and may share in the business operations decisions. 1
For tax purposes, the partners are taxed, not the business itself. That is, the partners pay their share of the taxes based on their share of the partnership, through their personal tax returns2.1
Before You Go Into a Partnership
Before you decide on who will join you in a partnership, you should check out these potential partners. Even if you have known someone from kindergarten, it's a good idea to make sure they are good partner material. That means, for each potential partner:
Doing a credit check on each partner. Use one or more of the credit agencies (Experian, Equifax, or TransUnion) to run a credit check.