In this episode of Navigating Abundance, Brent Enders, President of USA Financial, discusses the complexities of partnership arrangements in business. He shares his personal journey in developing partnerships, the importance of understanding different equity structures like phantom stock versus true equity, and the critical factors to consider when forming partnerships. Brent emphasizes the need for clear agreements, mutual respect, and the importance of planning for potential challenges in partnerships. He encourages business owners to seek expert advice and to start exploring partnership options sooner rather than later.