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5 Dangers of Starting a Business with Family Members

Eric Fryar
 
Most people launching a new business will help from family. New businesses borrow start-up capital from Dad. Sis would be a great partner. Let's do this. It's the American dream.  
Makes perfect sense, right? Your family is already inclined to help you. You trust them. They trust you. If your business is successful (and you know it will be), then you are doing them a favor. Who would you rather share the good fortune with than your own family? Generally, starting a business with family members is a bad idea.
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Topics: Closely-Held Businesses
Fryar Law Firm Knows Shareholder Oppression-Knowledge Makes the Difference

About this blog

The Shareholder Oppression Blog provides timely updates and commentary on the development of Texas Shareholder Oppression law in the wake of the Texas Supreme Court's Ritchie v. Rupe decision, together with legal analysis of the rights, duties, and legal remedies in disputes among business owners in all types of closely-held businesses.

Visit Shareholder Oppression complete legal resource

Fryar Law Firm | Shareholder Oppression Attorneys

About the Author

Eric Fryar

Eric Fryar is a Houston, Texas business litigation attorney, whose practice focuses almost exclusively on shareholder oppression and similar disputes among business owners. Recognized as an authority in this area of the law, Eric Fryar has written, taught, and practiced the law the governing shareholder and business owner rights for more than a quarter century. He achieved the largest fraud verdict in the state of Texas for a group of minority shareholders in 2015--one of the largest verdicts in the country that year, and has recently published a law review article in the Texas Journal of Business Law on the future of shareholder oppression litigation in Texas.

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