Some business owners choose to work with a partner to ease the stress and financial burden of starting a business. While many partnerships are beneficial, some can be detrimental to the business if the partners do not plan appropriately. The most successful partnerships take certain considerations into account.

According to Inc, it is important that potential partners have vital discussions before going into business together. This includes talking about each person’s vision for the company and deciding how to split the profit. Partnerships work best when each person has different skills to contribute to the business. This is not vital, but it does help save money in the long run because they can hire fewer outside people. Partners should also have discussions about who to hire early on to support the company.

It may be hard to think about at the beginning of a startup, but partners need to discuss what happens if one partner wants out of the business or wants to sell it. Things can get messy if there is not a specific plan.

Entrepreneur outlines some other things successful business partners do. One is to communicate on a regular basis. It often works best to set a schedule to meet to discuss what is going well in the company and how to deal with current or potential problems. If there is an important issue to discuss, it is also better to talk about in person or over the phone as opposed to email.

As with any relationship, there will probably be bumps in the road along the way. Remaining respectful of each other, facing issues that arise and taking responsibility for each’s actions will go a long way to help keep things running smoothly.