Husband and wife create partnership
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zackariah
Apprentice
Joined: 05 Mar 2007
Posts: 7
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 Posted: 11/29/07 - 07:31 Post subject: |
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| Hello! I have really big dilemma about starting my company. I had an idea about small business and talked about it with my best friend. He thinks that it is a good idea and wants to be an investor. However, I got married last week and started to consider partnership with my wife. It is not big company, and I would prefer to have just one partner. What do you think is better? Creating partnership with my best friend or with my wife? |
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angelle
Apprentice
Joined: 06 Jan 2006
Posts: 11
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| Posted: 12/29/07 - 00:07 Post subject: |
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| This is really multilevel question. You have to consider not only economic, but also marriage implications. Ask yourself what you would prefer: to work together with your friend or with your wife? There are many pros and cons in both cases. Family partnership brings you some economic benefits, but since you’re recently married it can bring you some unexpected problems. This is really something you have to consider carefully and decide on your own. |
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Nuts
Apprentice
Joined: 01 Jan 2008
Posts: 3
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| Posted: 01/01/08 - 19:05 Post subject: |
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| zackariah wrote: | | Hello! I have really big dilemma about starting my company. I had an idea about small business and talked about it with my best friend. He thinks that it is a good idea and wants to be an investor. However, I got married last week and started to consider partnership with my wife. It is not big company, and I would prefer to have just one partner. What do you think is better? Creating partnership with my best friend or with my wife? |
think also is something what you have to find out by yourself, you know your marriage the best...
personally I prefer my wife as partner and in fact she is, we holding together a nice international company & we are the only partners.... big benefit, you are always together and that is good for the relationship too.... in some marriages it works different but in ours we do really everything together... other plus point of it, all earnings stays in one big family... no splitting with someone else...
we started small, with a room in our house as our daily office and when it started to grow, we added a room... if you can work from home, do it so long as possible, it saves you a lot of rent and other stupid property costs... rent is a big burden and a big investment, keep that so long as possible away... with your wife is it easy to transfer a room in house to office... with a friend not... he will be also not there always, you wife does... like when I have the flu or something, I can still work a little, checking invoices has been paid and that sort of things... if I have to go to office, I have to dress me up, driving a car... and that makes you even more sick and staying home... we hope in the future to buy a new house with a nice big basement which we will use as office...
all benefits what you can easy do with your wife and not with a friend... and to be honest, in business I only trust my wife and kids... not friends, even when I know them for 25 years... money can turn people very ugly...
strong advice, sign a partnership agreement with your wife before you start what describes everything like what to do with a divorce, death, splitting of profit, etc...
good luck! |
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Nuts
Apprentice
Joined: 01 Jan 2008
Posts: 3
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| Posted: 01/01/08 - 19:58 Post subject: |
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forgot to tell... don't forget to be strict with your wife to separate family and business time... lot of couples that start to work together are getting so deep in there work that they even can't talk anymore about anything else then work... your wife is first your wife and then your partner... and not otherwise...
me and my wife we plan one day in the week as a day off, that is family day time and we don't talk then about the business... at least we try because the field of our business is also our passion and path in life.... |
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