Silent Partners?

quiltcrazy

I would like to open a quilting/fabric store in my town. I have extensive quilting knowledge and experience, but limited money. An acquaintance also has considered opening a shop, however she is in her late 60s, has no business experience, and has realized she probably would not want to do the day-to-day work involved. However, she does have the finances necessary for startup.
While I`m confident in my ability to take care of the daily running of the business, I don`t have much knowledge of financing or various types of partnerships. Is there some way the other woman and I can create a partnership that would be fair to both of us?

BusinessServices

Contact Patrick Jaikaran at 817.478.4470.
He has helped many people including myself who had the same dilema.
Hope this helps.

pepperlegal

In addition to incorporating, which can be costly and administratively time-consuming, forming a limited partnership with your "silent partner" may be another good option.