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Who will work perform which tasks and when?
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How will you pay yourselves?
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What are the views of your partner(s) on lending?
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Whose accountant will be used?
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Will spouses and children be working in the business and if
so, will they be paid and how?
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Will you take in more partners in the future?
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What accounting and computer systems will you use?
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What capital goods, plant and equipment will you purchase?
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Where will the business operate from?
-
Which bank will you use for the business?
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How much capital will you need and what are the debt servicing
fees?
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What is the procedure for settling grievances?
- In
the event of an unresolvable dispute - how will you dissolve
the partnership?
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How will decisions be made and how will you resolve split
decisions?
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How good is each partner at delegating?
-
What are your views on evading taxes, business ethics and
honesty, generally?
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What are your philosophies on risk taking?
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What if one partner wants to leave?
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What methods of debt collection will you use?
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What are your opinions on bringing in financial and business
advisers and arbitrators?
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What is your policy on using business contacts for private
purposes?
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What function will each partner perform?
-
What sort of lease on premises will you have and for how long?
