Inc.
We've all been there. You have a great business idea and an awesome opportunity. You just need some help getting the venture off the ground.
You feel you can't go it alone. You believe that if someone is there by your side helping you through the highs and lows of the start-up process, you will have a greater chance of success. Well, not so fast.
In my experience as a CPA for 20+ years, business partnerships generally don't work very well. More often than not, they end in failure. Simply stated, when you start a business with another person you may have similar ideas and goals, but different motivations and mindsets. As a result, I have witnessed sleep-less nights, lawsuits, and even threats of violence (unfortunately it's true).
So why do these partnerships crash and burn? There are many reasons, but a few stand out.
