Quote from: superman184 on Today at 11:40:30 PM

Quote from: bosede1 on Today at 06:51:14 PM

I have never done business with friends but my take is everything in this life is information, for me to enter into any business partnership with any friend there will be a consensus on everything which will be written and backed by the law. Also, anything dealing with money must be countersigned by both parties.

I prefer partnerships in business, but the partnership I mean here is when a friend who already owns a business wants to work with my business where both can be mutually beneficial. Not in one business that is managed by two people, because if one business is managed by two or more people, surely one day there will be a commotion if there is a loss of capital money when calculating profits.

So it's better to partner by tying one business to another than putting friends into a business that we build ourselves, unless our business is already very big and really needs new people to run it. Both at the branches and at the basic location because when the business network has started to be wider and the area has been able to cover more, it will obviously require more people to be placed into the business.

For sure this one is pertaining about having a business with a friend or simply having that corporation in between both owners which same as you said which i dont really prefer nor dont like.Im aint saying

that i would really be having some trust issues but its better to avoid rather than on messing up your relationship or friendship just because of money because we cant really know that one day, there would be some sort of financial problem which would causes for those argumentation in both parties which is something that cant really be avoided if ever it do happens. So its better to run up a business on
solo mode on which you wouldnt really be minding yourself or really that depending into each other. As long you do know on what you are doing then it would really be just that fine on running a business on your own but if you do prefer on having a partner then its your call to take because this would always boils or falls down into someones preference and likings.

It is really just that there are people who are really that advanced on thinking up things ahead and this is why they would be making out some decisions early to avoid as much as they could.