As somebody else has said your accountant (provided you trust them) is probably best placed to give you the advice you need based on intimate knowledge of your business and circumstances.

However, to reiterate another point, if you do decide to go the Partnership route please, please do yourself a favour a get a Partnership Agreement.

You can download templates online if you search Google (although of course they won’t come with expert advice) if cost is an issue.

We’ve seen, time and time again, clients coming to us in great distress when a disagreement has arisen or circumstances have changed in a business and due to there being nothing in writing to govern the outcome the result is a quagmire of bitter (and expensive and draining) recriminations.

Think of it the way you do about car insurance. You ultimately hope it will be a “waste of money” because you hope you never have to claim because you never want to be involved in a crash. However, it there IS an issue then you’re damn glad you have the protection (or truly sorry if you don’t)!”