Law Office of Yoel Molina, P.A.


Phone: 305-548-5020, option 1


WhatsApp: 305-204-9635

Message sent
Please fill in all fields
Navigate the process of obtaining an ITIN in the U.S. as a foreign entrepreneur or small business owner. Our comprehensive guide offers step-by-step insights into ITIN applications, essential for international business endeavors. Gain expert legal advice for entrepreneurs and small business owners looking to establish their ventures in the United States. Start your ITIN application journey today with confidence.

Law Office of Yoel Molina, P.A.



04 August 2023

By Yoel Molina, Esq.


Email: | Office: 305-548-5020

2655 S. Lejuene Road, Suite 500 Coral Gables, FL. 33134    


        Discover the essential factors to consider before entering a business partnership in the United States. Our expert legal guide provides valuable insights and advice for small business owners and entrepreneurs, ensuring a successful and informed decision-making process

When it comes to starting and operating a business in the United States, having a business partner to share the burden and responsibility can be tempting. However, before making that decision, it is crucial to understand the risks and benefits of having a business partner in the United States. Here are 10 things you need to know before having a business partner in the U.S.:

  • Compatibility: It is essential to ensure that your business partner shares a similar vision for the business and is willing to work together to achieve common goals.

  • Roles and Responsibilities: Make sure that the roles and responsibilities of each partner are clearly defined and put in writing in a partnership agreement.

  • Finances: Having a business partner means sharing the finances and expenses of the business. Ensure you have a detailed financial plan before starting the company.

  • Contribution: Each partner should contribute fairly in terms of time, effort, and financing.

  • Communication: Open and honest communication is fundamental for a successful business relationship.

  • Conflict Resolution: There should be a conflict resolution plan in your partnership agreement in case issues arise.

  • Duration of the Partnership: There should be an agreed-upon duration of the partnership in your partnership agreement.

  • Exit Clauses: It is essential to have defined exit clauses in your partnership agreement in case one of the partners decides to leave the business.

  • Intellectual Property: There should be a clause protecting the company's intellectual property in case of a separation from a partner.

  • Reputation: Remember that your business partner's reputation can also impact your company's reputation. Ensure your partner has a good reputation and a positive track record in the business world.

As a corporate lawyer in Miami, Florida, I can help you draft a detailed partnership agreement that addresses these and other relevant topics for your business. My firm has been rated as excellent on AVVO, and I have a 5-star rating on Google, demonstrating my commitment to providing exceptional legal service to my clients. If you need assistance in understanding the risks and benefits of having a business partner in the United States, I am here to help. Please contact me to schedule a consultation.



Please Click Here To Set an Appointment To Discuss This Article Further

Please note that this is not legal advice and is considered advertisement.