The Small Business Partnership Kit

The practical, plain-speaking guide to the principles and practices of the partnership form of business organization … Intended for entrepreneurs and owners of small businesses, this vital working guide shows how to choose the best form of business partnership for your needs, and create a smoothly functioning enterprise. The Kit speeds and simplifies your decision making by first comparing and contrasting general and limited partnerships with sole proprietorships and corporations, then offers tips and techniques for finding the right professional advisors, getting started, and choosing your partners wisely. Complete with a full glossary that clarifies important partnership terms and concepts, here’s all the practical business and legal guidance you need to: Choose a name for your partnership and define its purpose Decide how to share business profits and losses Draft a flexible partnership agreement that can be easily amended Meet tax requirements while maximizing tax advantages Manage disagreements among the partners Plus, The Small Business Partnership Kit contains all the business and tax forms and formats useful to partnerships—with detailed instructions explaining what to do and exactly when and how to do it.