Partnerships can be good; they can be terrible; or they can be wonderful. They can be used to quickly establish a business relationship between two or more persons. They can be simple or complex; they can be oral or written. They can be made to fit the actual requirements of the persons entering into the partnership. They are far from being rigid, but once created, a partnership can be terrible if the partners start to disagree. There is also the issue of liability for partnership debts. A partnership can be the best of all worlds, but great care must be exercised before beginning one.

We are able to assist you in setting up accounting systems for your partnership or to help maintain them, if you already have an established partnership.