• Share the risk, responsibility and work.
• Invest financially in the firm.
• Deliver complementary skills.
• Have their own network of contacts to benefit the firm.
• Provide support and motivation.
On the downside, partners:
• Take a share of the profits.
• May not have the same values or work ethic as you.
• Could leave you dangling with liabilities or law suits.
• Have a say in business decisions whether you agree with their opinion or not.
• Can negatively affect your reputation.