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