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Long Island Sound business law attorney

In an efficient business partnership, the partners complement each other’s strengths and compensate for each other’s weaknesses. Together, the partners are able to accomplish more than they could alone. This is the type of partnership that every entrepreneur hopes for. However, quality partnerships like these do not happen by chance. If you are thinking of forming a partnership, it is up to you to research your options, vet potential partners, and avoid key mistakes that could increase the chances of a dispute. Most importantly, work with an experienced business law attorney.

Vet Potential Partners Thoroughly

When starting any business relationship, it is important to avoid naivety. Research potential partners and encourage potential partners to do the same for you. It is important to remember that the way people act around their friends is not necessarily indicative of how they will act in a business setting. Do an Internet search on your potential partner for past bankruptcies or lawsuits filed against him or her and contact his or her references. It may also be in your best interests to hire a professional firm to conduct a criminal background check.

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