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Two's Company

Partnering up? Know what you're getting into first.

By Marc Diener •

Opinions expressed by Entrepreneur contributors are their own.

Business partnerships can be complicated, just like romanticones. The sins (and debts) of one partner can afflict the other,and even the tightest contract won't protect you from anincompetent colleague. So before you start negotiating anypartnership, take these three key steps.

1. Double-check your decision to take on a partner. Bestraight with yourself. Are you looking for expertise, money,contacts or just someone to compensate for your weaknesses? Makesure your prospective partner is really bringing something to theparty.

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