Posted On:
June 30, 2008
Mistakes Made in Forming a Partnership in Massachusetts
A Boston Business Journal article lists the , Top 10 Mistakes Businesspeople Make when Forming Partnerships (see the full article for explanations of each.)
1. Not having a signed partnership agreement. 2. Not having an attorney assist with drawing up the agreement. 3. Not including a way out. 4. Not using your individual strengths. 5. Not forming a limited partnership. 6. Not considering the liability issues. 7. Rushing in. 8. Not adhering to state requirements and regulations. 9. Choosing the wrong partner. 10. Not adequately capitalizing the partnership.This is a good list to review if you are thinking about a forming a partnership in Massachusetts. Any one these could be fatal to a business.
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