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  1. #1
    Senior Coder Nightfire's Avatar
    Join Date
    Jun 2002
    Thanked 49 Times in 49 Posts

    Partnerships, what to ask/do?

    As I am new to owning my own business, I have been proposed to form a partnership with a business card design company. They do the cards and I do the sites if requested. What things should I look out for when forming this kind of partnership? Is it best to get advice from a solicitor for this type of thing as I want to make sure I don't get stung if anything goes wrong

  2. #2
    Mega-ultimate member
    Join Date
    Jun 2002
    Winona, MN - The land of 10,000 lakes
    Thanked 45 Times in 42 Posts
    Be very careful when entering into any type of partnership. The first thing you should ask for is full and unfettered access to their books. That's the best indicator. Usually a partnership involves some financial split (either in terms of profit share or equity) and not having full access to their financial info is a big red flag.

    If they balk at that, then make sure you have some type of minimum monthly charge that they need to pay regardless.

    That would be my first thought.

    I've tried enough of these deals to know that the vast majority are work scams. The ones that have been legit have 2 things going for them...

    1) They have an established business
    2) They let you see their books

    The ones that don't do those items above typically are start ups that want to pay nothing for development and think luring a developer with a "partnership" that "could my you millions" will get people salivating at the opportunity.

    Hiring a lawyer or legal console is a good idea as well.


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