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if you have a business partner make sure that you have a partnership agreement so what is a partnership agreement it is a legal document that shows how the business will operate when owned by two or more people it lays out the responsibilities for each partner so what are some things that should be in a partnership agreement the name and the description of the business each owners contact information and financial contribution to the business how the profit and losses will be distributed among each individual partner how decisions is going to be made regarding to the business so if youre going to business with someone a handshake is just not good enough make sure you reduce everything to writing so you could have a fruitful partnership
