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  #1  
Old 11-20-2012, 07:30 PM
DannyLot DannyLot is offline
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Should I partner up with my friend ? Pros/cons

Ok so this spring I want to start up my lawn care service. I have exp. in this industry used to lasts cape a few years back, and I used to own a service business that I sold so I have exp in general business.
My good friend started a lawn care company last year and wants me to join with him. He has a good solid 30 accounts an is growing.
He spent around 15-20k startup and I was gonna spend the same. He is more of a "worker" an not a busines man. And I'm really good an running and growing a business so he figures my skills would help him grow an we would split everything 5050 since I will spend the same amount startup even though he is already established.
What are the pros an cons of joining him? Just seems complicated to do, to Goto a lawyer an legalize us being partners an figureing this all out. Is there a way I can start my own company some how with my own business name an just kind of be some kind of sister company? Like being partners but not really I knows his sounds complicated but maybe somone here understand what I'm tryn to say !
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  #2  
Old 11-20-2012, 07:49 PM
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JB1 JB1 is online now
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sounds like a good deal, twice the amount of work for half as much money.
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  #3  
Old 11-20-2012, 08:01 PM
DannyLot DannyLot is offline
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sounds like a good deal, twice the amount of work for half as much money.
We would of course try an grow an get more clients to make more money... Just figured partnering up is nice to rely in each other 2 heads are better then 1 sometime
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Old 11-20-2012, 08:04 PM
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JB1 JB1 is online now
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Are you married
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  #5  
Old 11-20-2012, 08:09 PM
DannyLot DannyLot is offline
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Are you married
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Yea I'm married, I'm in law enforcement and so is my friend is I want to partner up with.. I work 6-2 weekends off so I have a great schedule to do land scraping in the afternoons an weekends
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Old 11-20-2012, 08:14 PM
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Yea I'm married, I'm in law enforcement and so is my friend is I want to partner up with.. I work 6-2 weekends off so I have a great schedule to do land scraping in the afternoons an weekends

reason I asked is, being in a partnership is like being married, since you are married, now throw some wives in the mix and that is never good.
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  #7  
Old 11-20-2012, 08:06 PM
Weekend cut easymoney Weekend cut easymoney is online now
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The worker almost always gets upset with the guy doing the paperwork...and partnership will fail...make sure you both spell out expected duties and hours worked...emergency calls,and financial sacrifice to grow the company rather than personally profiting from year to year...
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Old 11-20-2012, 08:10 PM
DannyLot DannyLot is offline
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Originally Posted by Weekend cut easymoney View Post
The worker almost always gets upset with the guy doing the paperwork...and partnership will fail...make sure you both spell out expected duties and hours worked...emergency calls,and financial sacrifice to grow the company rather than personally profiting from year to year...
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Ya it's not set in stone yet... I wouldn't just do paper work we both would do everything.... It's just that I'm better at some things an he better an certain things
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Old 11-20-2012, 08:07 PM
larryinalabama larryinalabama is online now
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I wouldnt do it.
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  #10  
Old 11-20-2012, 08:09 PM
C Jovingo Landscaping C Jovingo Landscaping is offline
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Partnerships rarely work out! Start your own LCO. Help each other on big jobs.
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