What to Ask When Becoming a Partner in an Existing Firm
You’re thinking about joining an existing partnership, and you’re wondering how the hookup works. WHEEL! OF! PARTNERSHIP! Ask these questions for starters: What are you bringing me into the partnership to do? What goals do I need to accomplish in order to earn my share? Over what time do I need to accomplish them? What ownership of the company will I earn for achieving those goals on time? Will the ownership be expressed in terms of equity, voting, profits, or a mix? Will I achieve my ownership all at once, or vested over time? After that time frame, do I…
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