Business Owners

[UberSteroids]

I sure have been that route!

Well, would that be your partner? Partial business owner or just an employee?

[gixxerboy1]

Yes. I think your better off will someone you dont know that well. Family and friends tend to abuse the relationship.

I would run the persons credit before you even decide. You can get a good idea about them that way,

If you decide to go ahead. Get a good lwayer to draw up a partnership agreement. Be a specific as possible. Also about what happens if you want to buy the person out or if the business folds.

[kman]

Yes. I think your better off will someone you dont know that well. Family and friends tend to abuse the relationship.

I would run the persons credit before you even decide. You can get a good idea about them that way,

If you decide to go ahead. Get a good lwayer to draw up a partnership agreement. Be a specific as possible. Also about what happens if you want to buy the person out or if the business folds.

Your right about family and friends. I have been down that road before and it can ruin things. However, I always knew I could trust them!!!Its just that they tend to slack off and that's were problems arise. Good advice, and I am definitely going to have a lawyer write everything up.

[UberSteroids]

I see.

Just make sure that you are the one making the calls. Make sure that whoever it will be, wont have a option to bring the business down for you.

It happened to me but guess what... with person I "thought" i knew.

He had too much power, as much as I did and it didn't work out.

Make sure he understands that you are the boss around here and that you can depend on him.

Good luck man.

[kman]

I see.

Just make sure that you are the one making the calls. Make sure that whoever it will be, wont have a option to bring the business down for you.

It happened to me but guess what... with person I "thought" i knew.

He had too much power, as much as I did and it didn't work out.

Make sure he understands that you are the boss around here and that you can depend on him.

Good luck man.

Good point.

[spywizard]

I see.

Just make sure that you are the one making the calls. Make sure that whoever it will be, wont have a option to bring the business down for you.

It happened to me but guess what... with person I "thought" i knew.

He had too much power, as much as I did and it didn't work out.

Make sure he understands that you are the boss around here and that you can depend on him.

Good luck man.

Same thing here, gave 50% power.. never again.. I am starting one right now where i have the money, and the power, that way if it fails.. i have no one to blame but me..

[kman]

I sure have been that route!

Well, would that be your partner? Partial business owner or just an employee?

Partial owner, say 25%.