If you are thinking of starting a new business with a co-founder, congratulations! Some of the most successful businesses exist today because of great partnerships. For instance, an incredible 1970s partnership between the late Steve Jobs and Steve Wozniak brought about several of the most popular mobile devices consumers love -- the iPhone, iPod, and iPad, produced by Apple Inc. Indeed, partnership is a strategic move if all parties contribute beneficial resources and share a common vision. However, there are many inherent risks in a partnership arrangement, and for that reason, you must...


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