A business partnership is a specific kind of legal relationship formed by the agreement between two or more individuals to carry on a business as co-owners. A partnership is a business with multiple owners, each of whom has invested in the business. 

This week on Franchising & You, Tom Spadea, Franchise Attorney and Partner at Spadea Lignana discusses benefits and disadvantages of business partnerships. Spadea shares how to structure partnerships to help ensure a positive experience and what to do should the relationship begin to unravel.

Franchising & You airs every Saturday at 9:30 AM ET / 8:30 AM CT with each segment available on-demand.

Franchising & You is powered by Franchise Foundry and sponsored by FranFund, Spadea Lignana and Retail Solutions.