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Great questions Ron! Wanting to partner shows you are serious about making it happen. I love that you are asking how to take action!!! Great attitude. I've organized my response with headings that mostly match your questions.
Single partnership business definitely have drawbacks.
You are far better off maintaining the majority of influence over your business. If you go with the "partnership", get two or three partners and go for a 60/20/20 split or something like that.
Instead of a single partner, you might consider a business "mastermind group" or "networking group". You can get the same benefits of a partnership by joining and attending a "Teen Business Mastermind Group". If you can't find one, start one. This in itself can become profitable and/or lead you to success in many ways.
If you start your own mastermind/network group, be sure to organize it so you only get serious and dedicated members. Make any new person's first visit free. Then charge $20 to $50 for annual memberships after that. You could have a deal where they get a free one year membership if they bring two new paying members to the group. You deserve to get paid if you are the one pulling it together.
I'll stop there, but you can get more free coaching from me at http://www.managetogrow.com. You may want to check out our free guides on starting internet business and planning.
Email me in a few months and let me know how your business is working out. BTW, be sure to confirm your parents are OK with you starting a business and doing all the networking required. As your legal guardian's they are still somewhat accountable for your actions. And they may end up being your best partners.
If you are reading this and have any other words of wisdom for Ron, please put your thoughts in the comments section. We can all benefit from your experience.