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There are two primary reasons why one should have a partner. Either you need someone to share the work load or you need someone to share the cost and the investment until your business is running profitably.wo is company, three is a crowd. This is an old adage that may be particularly apropos to partnerships and should be heeded indeed. With three partners, the potential for ongoing conflict increases unless one partner has a controlling interest.
If you and your partners do not have a partnership agreement in place before you start doing business, you may not be able to handle the problems that will inevitably arise.In addition, without a set of rules in place, even minor disputes could escalate into major problems that could end up dissolving your partnership.he partnership agreement will spell out how the business profits will be divided amongst the partners, the rights and responsibilities of the partners, the procedures to take when a partner leaves the business, and many other important rules and guidelines.