Tuesday, September 11, 2012

DO YOU NEED A PARTNER?

I have found in 31 years of practice, that even seasoned entrepreneurs are more open to bringing in a partner or a shareholder or a member, when needing a certain skill set under their control from a person who is not likely to be satisfied being an employee. I tell them all don't do it.  If you need that certain skill set, make them an independent contractor, or at worst, create a joint venture.  To offer ownership in your enterprise is to offer a whole set of legal rights you might not want to give up.  In short, instead of buying the person, lease him/her.

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