Thank you all for reading.

I really need good information on how partnership will work in this my case and some guidelines.


I have a product, a registered business name with a trademark too.
So far so good in terms of sales for over a year testing product acceptance in the market and establishing the brand name atleast within the region I have succeeded to penetrate (sparsely in 4 states). The return purchase and feedback from the end users has been good.
The problem I have been facing is the finance to go into mass production and the necessary NAFDAC registration.

A financially buoyant friend has opted we go into partnership to secure the nafdac numbers, go into the different sizes of the product , mass produce and then penetrate every state including making promotions and adverts.
I already have some packaging machines and a working capital (though always returning everything back into the business so production continues) within my reach.

The partnership is actually what I need and the alternative is going through the bank of industry (which from my inquiry will not be funny considering the numerous processes and documents).

I have no idea how a partnership in this case works. Any information from A-Z considering this will very much be appreciated.

Bros forget anything partnership until your business is on daily working conditions, then you can sell percentage stake in form of shares or sell out rightly to investors. Continue they way you are until you get very cheap funds from anywhere to invest but importantly invest into your business as personal as possible. It is not ripe yet to have partners. Contact me for more ideas if you wish