Originally Posted by Cuttin' Up
Why is a partnership bad? Do you have an experience? I understand that you need more work for 2 people but you can also split start up costs 50/50.
Theres no way to insure both parties put in the same amount of time. Whether its paperwork, bidding, advertising, etc. Then at any giving time the other can cut your throat and steal your customers right underneath you. I had employees try this that didnt know nothing about the business end at all. Your partner can empty the bank account at any time and theres not much you can do about it. Running a business is a full time job even if you work a few hours a week. Theres so much to do behind the scenes.
My friends family owns a restaurant. The owner owed taxes and put the business in her sisters name and continued to run it. This lasted about a year until a fight over a employee. The manager tried to buy the restaurant back but the new owner refused. The new owner then trashed the place and threaten to take the equipment away. The former owner locked the business up from the inside and closed the restaurant for a week. Then reopened under a different name. Now there both fighting for control of the place.
At least with a restaurant you can physically occupy the place. You cant exactly do that with lawn accounts.
Friendships end, relationships, marriage, families, why would a partnership last?
Look at any other business or just even facebook.