05-22-2024, 05:57 PM
Partnerships carry risks such as conflicts over decision-making and unequal workload distribution. For example, differing visions for the company's future can cause tension, potentially stalling progress. Financial disputes may arise if one partner feels they contribute more capital or effort without fair compensation. Legal risks include shared liability for debts and actions taken by either partner. Incompatibility in work styles or values can lead to a breakdown in communication, ultimately jeopardizing the business's success.