Why Form 8865 Partnership 2024

There must be something in the air because I've been getting more calls and emails from my coaching clients than ever before on this one thing: how to make my business partnership work. Hey, listen, if you have a business partner and things are going great, that's awesome. But you know what typically happens somewhere down the line? The finger-pointing begins. Somewhere down the line, you start having resentment towards your business partner. Somewhere down the line, they have resentment towards you. There's a level of entitlement, someone outworks the other person, and before you know it, you have to have that tough conversation. So, how do you get a business partnership to work? Let me tell you this because I've got coaching clients that are making a couple million a year all the way to making 25-30 million a year, and right now, for whatever reason, some of these partners are just not getting along. I'm going to tell you the secret to making that work, and this comes from first-hand, in-the-trenches experience because I've had a lot of partners. I've got some amazing business partners, and we've been partners for over a decade and will be partners for decades to come. Then, I've had some business partners who have been less than stellar, who have promised unicorns and delivered donkeys, if you know what I mean. And you know if you're one of those, here's how you're going to fix that, alright? So, first and foremost, it doesn't matter if you have a 10% stake in the business or you're 50/50 partners. You have to work as though you own 100% of the business, you get 100% of the revenue, and you have to put 1000% of the effort in every single day. You can't just do your 10%...