How To Choose The Right Business Partner?

How To Choose The Right Business Partner?
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If you are thinking of entering into a limited liability partnership or some other form of business agreement, then you need to be somewhat careful about who you choose to work with. Not all business partnerships are created equally and if yours is going to be successful, you will need to make a wise choice. So what makes a good partnership? That really depends upon your business and your personal needs. You can enter into an agreement that will help both partners and help your business grow, but only if you choose to work with a person who you can trust. So here is how to choose the right business partner to fill out your business partnership.Someone you can trustThe key to a good business partnership is trust. If you feel like you always have to look over your shoulder, then you are goin
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Related questions

Ray Whitcombe is found dead in his office at his desk. The police have narrowed the suspects down to three people: Mrs. Barbara Whitcombe, Ray's wife; Mr. Jason McCubbins, Ray's business partner; and Mr. Harold Nichols, Ray's best friend. All three visited Mr. Whitcombe the day of his murder, but all three provide the police with stories of explanation as to the reason for their visit. Police found Mr. Whitcombe with his wrist watch still on his right arm, a torn up picture of his wife laying on the floor beside the trash can, and an ink pen in his right hand. On the desk, the police found a name plate, a telephone that was off the hook, and a personal calendar turned to the July 5th page with 7B91011 written on it. After examining this evidence, the police knew their suspect. Who was it?

Description : Ray Whitcombe is found dead in his office at his desk. The police have narrowed the suspects down to three people: Mrs. Barbara Whitcombe, Ray's wife; Mr. Jason McCubbins, Ray's business partner; ... written on it. After examining this evidence, the police knew their suspect. Who was it? -Riddles

Last Answer : Jason McCubbins, Ray's business partner. The calendar is the clue to solving this murder. The police realized that since Mr. Whitcombe was wearing his watch on his right arm, he must be left handed. But ... September, October, November. Use the first letter of each month and it spells J-A-S-O-N.

What would be the motivation for a person to choose a partner who is far less intelligent than they are?

Description : What would be the motivation for a person to choose a partner who is far less intelligent than they are?

Last Answer : Nice breasts?

If you had to choose - would you rather have a number of wonderful friends or a great romantic partner?

Description : If you had to choose - would you rather have a number of wonderful friends or a great romantic partner?

Last Answer : It would be great to have that one person that is your person (Greys Anatomy reference). But, what if that romance is short lived for whatever reason? Death, just drifted away from you, had to move, a ... love theater, one may love trips, one may love books. Not just one person can be all things.

On a lifeboat, there is room for only two people. Which would you choose to leave behind....your partner or your child ?

Description : On a lifeboat, there is room for only two people. Which would you choose to leave behind....your partner or your child ?

Last Answer : If I had one, I’d leave my partner behind because he would be so damn awesome he’d be able to take care of himself just fine till I could come back for him ; )

Why is it that nice people get burned (relationships)? Is it the partner that they choose?

Description : Why is it that nice people get burned (relationships)? Is it the partner that they choose?

Last Answer : treatly? :-p

Threatening Business Partner?

Description : Threatening Business Partner?

Last Answer : answer:In this order. 1. Alert the local authorities of your concerns/ his potential threats . 2. Consult an attorney asap. 3. Tell your partner you quit and that you have alerted the ... like phone number/email etc. and document any and all harassment to show the authorities and your attorney.

Business question: When you buy into a business and become a partner, are you also buying the previous expenses/losses of the sole owner?

Description : Business question: When you buy into a business and become a partner, are you also buying the previous expenses/losses of the sole owner?

Last Answer : Your friend NEEDS a lawyer. That will make due diligence a lot easier.

How to make sure a partner in a business idea won´t turn against you?

Description : How to make sure a partner in a business idea won´t turn against you?

Last Answer : answer:Talk to a business attorney about a partnership agreement. Partnerships are always one of the riskiest types of business arrangement, but obviously they are sometimes necessary just to get the thing ... your great idea, and your likely / potential partner has cash looking for a great idea.

Why Partner with ONPASSIVE•Provides personalized tools and applications to automate all business needs•Enhances communication with your clients•Offers automated, real-time personalized experiences•Redefines customer engagement?

Description : Why Partner with ONPASSIVE•Provides personalized tools and applications to automate all business needs•Enhances communication with your clients•Offers automated, real-time personalized experiences•Redefines customer engagement?

Last Answer : 2) For a business, ONPASSIVE services have an extensive array of applications. From the completion of mundane tasks to providing data-driven customer insights, ONPASSIVE AI-ecosystem can disrupt every ... driven platform, you might even decide to AI-enhance your business sooner than you’d planned.

Select all of the nouns in this sentence. My mother's business partner is on a two week vacation.?

Description : Select all of the nouns in this sentence. My mother's business partner is on a two week vacation.?

Last Answer : partner, and vacation

Dissolution of Partnership takes place when– (A) A partner misbehaves (B) A partner becomes of unsound mind (C) Business is running at a loss (D) A partner dies

Description : Dissolution of Partnership takes place when– (A) A partner misbehaves (B) A partner becomes of unsound mind (C) Business is running at a loss (D) A partner dies

Last Answer : Answer: A partner dies

Which of the following is prohibited by the Code of Professional Ethics for CPAs? a. Use of a firm name which includes the name of a retired partner. b. Accepting an engagement or employment which one cannot reasonably expect to complete or discharge with professional competence. c. Announcement in a newspaper of the opening of a public accounting office. d. Engaging in civic activities during business hours

Description : Which of the following is prohibited by the Code of Professional Ethics for CPAs? a. Use of a firm name which includes the name of a retired partner. b. Accepting an engagement or ... newspaper of the opening of a public accounting office. d. Engaging in civic activities during business hours

Last Answer : Accepting an engagement or employment which one cannot reasonably expect to complete or discharge with professional competence

An optimal business partner in a successful international strategic alliance should have two key qualitiesa) Corporate culture fit and national culture fitb) Partner-related criteria and task-related criteriac) Cultural fit and trustd) Strategic fit and cultural fit:

Description : An optimal business partner in a successful international strategic alliance should have two key qualities: a) Corporate culture fit and national culture fit b) Partner-related criteria and task-related criteria c) Cultural fit and trust d) Strategic fit and cultural fit

Last Answer : Strategic fit and cultural fit

Arun and Bharat started a business with investments of Rs.10000 and Rs.15000 respectively. Arun being a working partner gets Rs.100 every month as salary from the profit. At the end of one year the business makes a profit of Rs.4800. Find the total share of Arun out o this amount (in Rs.) a)2880 b)2640 c)3240 d)2760

Description : Arun and Bharat started a business with investments of Rs.10000 and Rs.15000 respectively. Arun being a working partner gets Rs.100 every month as salary from the profit. At the end of one year the business makes a ... the total share of Arun out o this amount (in Rs.) a)2880 b)2640 c)3240 d)2760

Last Answer : b)2640

The agent having in customary course of business as such agent authority either to sell goods or to consign goods for the purpose of sale or to buy goods or to raise money on the security of goods is called A. Agent B. Mercantile agent C. Partner D. None of above

Description : The agent having in customary course of business as such agent authority either to sell goods or to consign goods for the purpose of sale or to buy goods or to raise money on the security of goods is called A. Agent B. Mercantile agent C. Partner D. None of above

Last Answer : B. Mercantile agent

X, Y, Z jointly engaged in a business. It was agreed that X would invest Rs. 14500 for 4 months,Y Rs 19000 for 7 months and Z Rs 25000 for 6 months. X wants to be a working partner and he was to receive 14% of the profit and total profit earned by X was Rs 43929. Calculate share of Z A) 55750 B) 58472 C) 67500 D) 65250

Description : X, Y, Z jointly engaged in a business. It was agreed that X would invest Rs. 14500 for 4 months,Y Rs 19000 for 7 months and Z Rs 25000 for 6 months. X wants to be a working partner and he was to ... and total profit earned by X was Rs 43929. Calculate share of Z A) 55750 B) 58472 C) 67500 D) 65250

Last Answer : Answer: C)  Ratio of X, Y, Z profit is 14500*4:19000*7:25000*6=58:133:150  Total profit be' a'  X receives 14% of a as profit for active partner  Remaining profit=86% of a  X's total profit=[86/ ... 341]+14/100*a=43929  9762/34100*a=43929 => a= Rs.153450  Share of Z =153450/341*150 =Rs 67500

X, Y, Z are becomes a partner in their business with X's share receives Rs.117000. If out of a total profit of Rs 8100,X gets Rs.3900 and Y gets Rs. 2700, Z gets Rs.1500 then total capital of Y and Z is, A) 36900 B) 146000 C) 126000 D) 247000

Description : X, Y, Z are becomes a partner in their business with X's share receives Rs.117000. If out of a total profit of Rs 8100,X gets Rs.3900 and Y gets Rs. 2700, Z gets Rs.1500 then total capital of Y and Z is, A) 36900 B) 146000 C) 126000 D) 247000

Last Answer : Answer: C) Profit ratio is, X:Y:Z=3900: 2700:1500 X:Y:Z =13 :9:5 Then, X,Y,Z capitals are 13x,9x &5x X’s receives amount is, 13x=117000 =>x=9000 Total capital of Y&Z is, =9000*14=126000

X, Y, Z started a business with their investment in the ratio of 4/5: 4/7: 5/9, after 6months. X has withdrawn half of his investment. Also X will get 30% of profit for being an active partner. At the end of a year total profit earned was Rs. 54750. Then find the total profit earned by Y and Z? A) 25200 B) 28600 C) 25010 D) 26867

Description : X, Y, Z started a business with their investment in the ratio of 4/5: 4/7: 5/9, after 6months. X has withdrawn half of his investment. Also X will get 30% of profit for being an active partner. At the ... Rs. 54750. Then find the total profit earned by Y and Z? A) 25200 B) 28600 C) 25010 D) 26867

Last Answer : Answer: C) Let investment of X, Y, Z be 4/5 x,4/7x &5/9 x =>252x, 180x & 175x Profit ratio of X, Y, Z is 252x*6+126x*6:180x*12 :175x *12 =189:180:175 Active partner X's amount= ... 30/100 =Rs.16425 Remaining profit =54750-16425 =Rs.38325 Total profit earned by Y*Z= 38325*355/544 =Rs. 25010

Mahesh and Devi invested Rs.20979 and Rs. 22977 respectively in a business. Devi being an active partner will get Rs.750 every month extra for running the business. In 18 months if Devi received a total amount of Rs.18250, then what is total profit earned by both in one and half years is, A) 26888. B) 22500. C) 22587 D) 25874

Description : Mahesh and Devi invested Rs.20979 and Rs. 22977 respectively in a business. Devi being an active partner will get Rs.750 every month extra for running the business. In 18 months if Devi received a total amount ... profit earned by both in one and half years is, A) 26888. B) 22500. C) 22587 D) 25874

Last Answer : Answer: C) Profit ratio of Mahesh: Devi =20979 :22977=:21:23 Devi is an active partner will get Rs,750/month For 18 months ,she receives Rs.13500 Balance amount of Devi =18250 -13500 =Rs 4750 ... =4750/23 *21 =Rs.4337 Total profit earned by both in one &half years =18250+4337 =Rs 22587

Anu and Banu invested rupees Rs.26000 and Rs.22000 respectively. Anu being an active partner will get Rs.350 every month extra for running the business. In two years if Anu receives a total of Rs. 18000, then what is profit earned by Banu in two years. A) 2200 B) 3300 C) 4400 D) None

Description : Anu and Banu invested rupees Rs.26000 and Rs.22000 respectively. Anu being an active partner will get Rs.350 every month extra for running the business. In two years if Anu receives a total of Rs. 18000, then what is profit earned by Banu in two years. A) 2200 B) 3300 C) 4400 D) None

Last Answer : Answer: C)  Profit ratio at Anu &Banu is ,  Anu: Banu=26000 :22000.  Anu :Banu =13:11  Anu being an active e partner will get Rs 350 / every month. 2 years receive = Rs. 8400 Balance amount of Anu =18000 -8400 = 9600 Profit gained Banu in 2 years =9600/24 *11 = Rs.4400

My girlfriend/life partner wants time and space and just to be friends right now. How do I get through this and hobbies are not my answer?

Description : My girlfriend/life partner wants time and space and just to be friends right now. How do I get through this and hobbies are not my answer?

Last Answer : Please help me. I need soft, gentleness in my life right now. Please don’t say anything harsh, just don’t bother with anything harsh. I’ve had all I can take of that.

How do you know the right partner that is suitable for you?

Description : How do you know the right partner that is suitable for you?

Last Answer : You don't have to set standards for someone for you to know that they are suitable for you. You fall in love with the most unexpected person at the most unexpected time. As long as that person ... person, loves you beyond imperfection, and makes you his or her priority...that person suits you well.

Which among the following cannot be challenged in a court of law? (1) Directive Principles of state policy (2) Fundamental Rights (3) Free to choose any profession or business (4) Right to move freely to any part of the country

Description : Which among the following cannot be challenged in a court of law? (1) Directive Principles of state policy (2) Fundamental Rights (3) Free to choose any profession or business (4) Right to move freely to any part of the country

Last Answer : (1) Directive Principles of state policy Explanation: The Directive principles of state policy are the directions given to the state these cannot be challenged in the court.

What is the best way to promote a business with social media?Choose the Right Platforms  Encourage Engagement  Provide Value & Don’t Over-Promote  All of the above

Description : What is the best way to promote a business with social media? Choose the Right Platforms  Encourage Engagement  Provide Value & Don’t Over-Promote  All of the above

Last Answer : All of the above

What is the best way to promote a business with social media?  A. Provide Value & Don’t Over-Promote  B. Encourage Engagement  C. Choose the Right Platforms  D. All of the above

Description : What is the best way to promote a business with social media?  A. Provide Value & Don’t Over-Promote  B. Encourage Engagement  C. Choose the Right Platforms  D. All of the above

Last Answer : D. All of the above

What is the best way to promote a business with social media?  Choose the Right Platforms  Encourage Engagement  Provide Value & Don’t Over-Promote  All of the above

Description : What is the best way to promote a business with social media?  Choose the Right Platforms  Encourage Engagement  Provide Value & Don’t Over-Promote  All of the above

Last Answer :  All of the above