I am hoping someone with a business brain can assist me.
I am looking at going into a business parternship with two other family members - three partners in total.
One party has cash money to invest into the business. This is my father who will be a silent partner.
The other two parites (me and my sister), need to borrow funds of equal proportion and we will both be managing the day to day business operation.
I am preparing a business plan and unsure whether me and my sister should loan the money under the business name and how we should distribute profits.
Any suggestions or comments?
I am looking at going into a business parternship with two other family members - three partners in total.
One party has cash money to invest into the business. This is my father who will be a silent partner.
The other two parites (me and my sister), need to borrow funds of equal proportion and we will both be managing the day to day business operation.
I am preparing a business plan and unsure whether me and my sister should loan the money under the business name and how we should distribute profits.
Any suggestions or comments?