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Inside Entrepreneurship: Know your priorities before partnering

August 19, 2005 /

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Dorsey & Whitney - An International business law firm, applying a business perspective to clients' needs in Missoula, Montana and beyond.

Q: I have a successful transaction software consulting business for large companies and am thinking about what’s next. I see tremendous upside in developing new products that can generate licensing income rather than just getting paid by the hour. A colleague wants to join my company as an equity partner. She does great work, but is less adventurous. She can add to my firm, but I wonder, is now a good time to take on a partner?

By SUSAN SCHRETER
SPECIAL TO THE POST-INTELLIGENCER

Full Answer: http://seattlepi.nwsource.com/business/237192_schreter19.html

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