A partnership agreement is a contract between two or more partners in a business venture. The purpose of the agreement is to define the terms and conditions of the relationship between the partners.

Melissa Horton is a financial literacy professional. She has 10+ years of experience in the financial services and planning industry. Yarilet Perez is an experienced multimedia journalist and ...

A partnership must have two or more owners who share in the profits and losses of a business. Partnerships can form automatically without the submission of formation documents. All partnerships should ...

Imagine you own 50% of your business. You started it 10 years ago but never formalized anything, and one of the partners has a health scare. This health scare potentially threatens your ...

Venom. Ill will. Backstabbing. Vindictiveness. Mistrust. Betrayal. These are some of the most negative aspects of human interaction. And they are present in nearly every manufacturing organization ...

Over the years, we have written in this column that law firm partners and law firms should have written partnership agreements, and that such agreements should address the firm's major life events.

While the governance structure of an accounting firm has little immediate client-facing impact, a firm must be well-governed to retain its people and provide consistent, high-quality client service.

Forming a business partnership can be a great move since it opens the door to shared skills and additional capital and gives you a built-in sounding board. However, many first-time partners don’t ...

Venom. Ill will. Backstabbing. Vindictiveness. Mistrust. Betrayal. These are some of the most negative aspects of human interaction. And they are present in nearly every manufacturing organization ...