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20THBUSINESS PARTNERSHIPAWARD 2016 NOMINATIONINSTRUCTIONS&FORMPresented by the SalemKeizer Education Foundation in cooperation with SalemKeizer Public Schools, and Salem Area & Keizer Chambers of
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How to fill out business partnership

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Step 1: Start by researching potential business partners that align with your goals and values.
02
Step 2: Communicate with the potential partner to discuss business objectives and ensure compatibility.
03
Step 3: Create a partnership agreement that outlines the roles, responsibilities, and terms of the partnership.
04
Step 4: Determine the financial aspects of the partnership, including capital contributions and profit-sharing.
05
Step 5: Fill out the necessary legal documents, such as articles of partnership or LLC operating agreement.
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Step 6: Register the partnership with the appropriate government agencies and obtain any required licenses or permits.
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Step 7: Develop a clear communication and decision-making process to avoid conflicts and ensure effective collaboration.
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Step 8: Implement a system to track and evaluate the partnership's progress and make necessary adjustments.
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Step 9: Regularly review the partnership's performance and address any issues or concerns proactively.
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Step 10: Continuously nurture the partnership through open communication, mutual respect, and ongoing collaboration.

Who needs business partnership?

01
Entrepreneurs who want to leverage complementary skills and resources to launch or grow their businesses.
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Small business owners looking to expand their market reach or enter new market segments.
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Companies aiming to diversify their product/service offerings through strategic partnerships.
04
Startups seeking access to funding, expertise, or established distribution channels.
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Businesses in competitive industries looking to gain a competitive edge through collaboration.
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Entrepreneurs or companies exploring international markets and needing local partnerships for market entry.
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Any individual or organization that believes a partnership can create synergies and enhance their business prospects.
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A business partnership is a legal relationship formed by two or more individuals to carry on a business enterprise for profit.
Partnerships are required to file business tax returns, known as Form 1065, with the IRS.
To fill out a business partnership, partners need to provide information such as the partnership's income, deductions, credits, and other relevant financial information.
The purpose of a business partnership is to combine resources, skills, and expertise of partners to operate a successful business.
Partners must report their share of income, losses, and other financial information on the business partnership tax return.
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