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Partnerships
by John Dornoff on February 1, 2008
Are you thinking of going into partnership with family members?
We have talked about the down sides of partnerships and I generally recommend using the corporation form of business instead of partnership. However, if you truly believe that a partnership is the best idea I found a video that talks about it.
The video does a good job going over the pros and cons of going into business with family members. One thing I would keep in mind that is if something goes wrong with the business, then family events can be a nightmare.
The video is only a couple of minutes but does have some great information.
We have talked about the down sides of partnerships and I generally recommend using the corporation form of business instead of partnership. However, if you truly believe that a partnership is the best idea I found a video that talks about it.
The video does a good job going over the pros and cons of going into business with family members. One thing I would keep in mind that is if something goes wrong with the business, then family events can be a nightmare.
The video is only a couple of minutes but does have some great information.
Permalink: Partnerships and family
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