Equity Partner

As Wikipedia, the free, on-line encyplodedia, says: "An equity partner is a partner in a partnership who is a part owner of the business, and is entitled to a proportion of the distributable profits of the partnership."

Many people come to me at SCORE and say they want to get money to start a business. Well, that's the last thing you should be looking at, but okay the best way to get the capital is to generate it internally. Start-us seldom have that luxury. They need capital from somewhere, and being undercapitalized is the most common reason for business failure. The best way to get capital is to have an equity partner. If you just borrow it, you have the money. If you have a person working in your business, you have help.

Wikipedia goes on to say: "The degree of control which each...partner exerts over the partnership depends upon the relevant partnership agreement."

You should read the whole Wikipedia article. And Post a comment. And read the whole Wikipedia article. It's a good one.

Entrepreneurship 2.0 is my entrepreneurship course. The ideas in it supply the life's blood of my professional activities: teaching, writing, and real estate. For entrepreneurial real estate go to www.yourstopforrealestate.com/blog and for entrepreneurial writing to www.kearneymusicschoolmurders.blogspot/com.