Setting up as a Partnership in Peterborough?
A partnership is a simple and fairly flexible way to run a business, when there are two or more people involved together. Any debts in the partnership are spread equally and those involved are jointly liable with the responsibility to pay the debt off. The first rule for going into a partnership is therefore to trust those involved.
The author of Which? guide Working for yourself, Mike Pywell says “Partnerships will only work if all partners share the same goals and actively work together to achieve them.” He adds “As a partnership, the approach and attitude you take to work is much more important than if you are a sole trader.”
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