What approach to partnership works for you?(Practice Management)

From: Investment News | Date: July 23, 2007 | Copyright information

Byline: Joni Youngwirth

The word "partnership'' is loosely applied to a wide variety of arrangements between advisers.

Such arrangements vary from sharing expenses to creating legal business entities.

The following factors can be mixed and matched to form a relationship that may be referred to as a partnership: shared business expenses such as rent, shared staff, pooled production to increase payout, shared company name for joint marketing and branding, shared clients with split revenue, shared liability, shared vacation coverage, continuity or succession ...

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