Wednesday, April 11, 2012

Family + Business = Possible Legal Problems

It is not surprising that many people make businesses around their families.  The support structure is there, the relationship is already there, it is an easier way that striking out to find employees to add to a fledgling business. There may turn out to be problems though, since dealing with a family member is not the same as a professional relationship with a coworker or employee.

In an article from Inc.com they talk about some of the common pitfalls of a family-run business. There are precautions to take and plans to think through before everything is set for your company to continue after you.