If I have a partner in my business, and it is a family member, should I have a partnership agreement?

December 23, 2016

If I have a partner in my business, and it is a family member, should I have a partnership agreement?

 

  1. Yes

  2. No

 

Yes.  Regardless of whether or not there is a family member who was also a partner in a business, an agreement is not mandatory, however it is recommended in order to clarify the partnership and the responsibility and entitlement of partners.

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