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Dacey Rankins

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2025-12-01 15:06:52 -

What Type of Legal Structure Should Our Partnership Have?
Choosing the right legal structure is one of the most important decisions you’ll ever make when forming a partnership. It determines how much liability you carry, how your taxes work, how profits are distributed, how decisions are made, how you can hire people, how you bring in new partners, how you protect your assets, and what happens if someone leaves or the business dissolves. The...

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Dacey Rankins

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2025-12-02 18:48:26 -

Should We Partner in a For-Profit or Nonprofit Capacity?
Forming a partnership—especially between a for-profit business and a nonprofit organization—can open the door to powerful opportunities. These can include advancing a social mission, unlocking funding streams, improving brand reputation, or building innovative programs that neither party could accomplish alone. But deciding how to partner is a complex strategic question. Should the...

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Dacey Rankins

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2025-12-01 14:46:04 -

Structuring Roles, Responsibilities, and Decision-Making in a Partnership
Introduction: Why Structure Matters More Than Most Partners Realize One of the most common reasons business partnerships fail is not money, not skill gaps, and not lack of opportunity — it’s unclear roles, undefined responsibilities, and confusing decision-making processes. When partners don’t know who’s responsible for what, tensions rise, inefficiencies grow, and...

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Dacey Rankins

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2025-12-01 15:03:09 -

What Financial Considerations Must We Clarify in a Partnership?
Entering a business partnership is one of the most significant decisions any entrepreneur can make. It connects your finances, your risk, your time, and your long-term future with another person (or several people). While partnerships can bring incredible benefits — pooled resources, complementary strengths, shared workload, expanded opportunities — they can also collapse if...

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Dacey Rankins

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2025-04-10 14:44:35 -

What is the Best Business Structure for a Startup?
Starting a business is an exciting and challenging endeavor. One of the most important decisions you will make as an entrepreneur is choosing the right business structure. Your business structure influences everything from your tax obligations to your liability, and it plays a crucial role in the growth and operation of your startup. The right choice depends on factors such as the number of...

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