I wrote earlier today about how to understand what a sole proprietorship is and evaluate whether or not this is the legal structure for your home business. Since we are focusing on legal business structures, it seemed the next logical type to discuss is the “partnership.” While sole proprietorships are the easiest form of business to start and more common for small, home businesses—partnerships are a possibility too. The basic requirement for a partnership is that you have a partner! This means another individual with whom you go into business with. You do not have to be equal partners or … Continue reading →