| Copyright 2005 All Rights Reserved Charles E. Marunde & FreeRealEstateLaw.com |
| Family Partnerships in Real Estate |
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is either among family members or best friends.
First, it is strongly recommended that you do not enter into a partnership
with family members or close friends. There are thousands of disaster
stories around the country with nightmare stories of permanently
destroyed relationships among family or friends.
But if you are determined to do it, it is even more critical that you do it
right. Go through all the causes of partnership failures and review the
Secrets to a Powerful & Successful Joint Venture.
| Partners Fail in Their Relationships With Each Other; Lack of a Good Business Plan in the Beginning; Lack of Capital and/or Income; Lack of a Good Exit Strategy; |
The two most dangerous partnerships
involve partners who are:
If your partnership fails for the major
reason of all failures--relationship
problems--then it is an even greater
disaster when that severed relationship
involve partners who are:
- Family Members, or
- Close Friends.
If your partnership fails for the major
reason of all failures--relationship
problems--then it is an even greater
disaster when that severed relationship
| Who is in charge of your family partnership? |