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what are they common business partnership agreements like sometimes theyre called the buy-sell agreements and what are they how should you set them up this video is brought to you by Abbey pies Academy well any time if youre just an individual operating a business your sole proprietor and then you might become an LLC or corporation or something like that if youre a sole proprietor whos doing the business with somebody else you have a partner by default you have a partnership and you have whats called a general partnership you dont have to do anything to create it if you and I decide that were gonna start manufacturing kitchen chairs then were by default partners now thats easy you know its a lot easier than mean an LLC it has some tax disadvantages but the big problem with it is is when Alex decides he doesnt want to be in the kitchen chair business anymore what happens and that happens all the time and its not only that people change their mind they move on to other things
