Even so, a contract can provide foundation of a mutually beneficial business relationship and give you processes to end alliance should that become necessary.

Think about all things that could go wrong and how you would deal with them. What if one of partners wants out? If partnership splits up, who keeps clients? Who signs contracts? How will you handle a situation where one partner fails to fulfill his or her obligation?

Consider issue of liability not only from legal perspective but also as it pertains to image. What happens if one of partners either performs poorly or fails to perform at all? An attorney can review your agreement and advise you so you’re protected against legal liability, but you may still be putting your reputation at risk. Take time to get to know a prospective partner, gain confidence in his or her abilities and reliability, and check references.

Where do you find good partners? They’re pretty much everywhere. Clients may also serve as catalyst for a partnership, or contacts may be made through various networks.

As successful as partnering can be, don’t rush into it. Define your niche and your client base, and develop trust with your clients first. Once your business is established on its own, then look for ways to enhance it through partnerships.

Copyright 2004 DeFiore Enterprises

Noelani Rodriguez:

You said something in your book that struck me as extremely interesting about how children inherent property tax liability. Can you say more?

Ron Mead:

Generally elderly after 65 defer their property tax liability through a senior deferral. Once they pass away, their deferred taxes become due. Consequently they need to turn property to cash and that’s how I can help.

Noelani Rodriguez:

Your book has done remarkably well on our site as well as others, you also coach people and help them find probate real estate?

Ron Mead:

Yes that’s a service that has come out by demand. Some of people who have bought my book for have asked about coach them through their first order to purchases and I have been willing to do that.

Noelani Rodriguez: And it helps some retired or disabled people invested in probate a real estate, which I think is wonderful.

Ron Mead:

Yes, over past year, I’ve helped someone who is as professionally trained chef but has as a spinal degenerative disease, and can no longer stand for any period of time. About a year ago, we found a house to purchase out of probate, which he did for $93,000. He’s lived in house for past year, and he just recently called me and told me he sold house for 172,000. It makes me feel good that I can help people like this.

Well book is selling well on my site and I think it is a good one. People that buy a book from you get 30 days free coaching, how cool is that! Thanks Ron.

Ron Mead:

You're welcome.

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