So I did a search and have been reading the board all about partnerships and how nasty and evil they are. Most stay to steer clear and I can understand that. I thought I might offer up my situation and see what kind of advice I can get. My current situation is that I'm currently a full-time engineer. THe job is ok, but I'm not sure I want to do this for the rest of my life. As one moves towards management, the hours get worse and worse as well! So I have been kicking around the idea of starting a LCO for a LONG time. It just happened that my Brother In-Law was kicking around the same idea as he just sold his company and was looking for something to do. My Brother In-Law owned and operated his own business where he did marketing, sales and everthing else. The field he was in has been struggling so he sold the company to his employees. He recently went back to school and is working on a business degree very part time while he works a new FT job. He brought up the idea of us getting together on this venture. We both would like to work it part time, at least for a few years. He has a 16 year old son who would work for us along with my 16 year old brother. What makes this partnership attractive to me is my Brother in law's business experience. He's owned his own company and knows what it takes to make it work. He is VERY good at dealing with people and would be good at closing deals. I've got NO experience with running a small business, the costs involved, insurance, tax issues.. none of it. One other benifit is that I'm thinking a partnership would help keep each of us motivated. We live about 20 miles apart. WHen I think of the business I'd like to get, I am thinking of commercial properties. There is a nice cluster of businesses about a mile from my house that would allow me to mow at night or on weekends without alot of running around. I'm not quite sure what he's thinking.. residential or commercial. I'd have to think commercial due to us both working other jobs full time. I've been thinking about different ways to set this up.. have a total partnership splitting the work and profits. I can see this leading to problems as has been rehashed many times. I also thought to maybe run the companies more like an alliance. Share the work running it but run accounts separately. I'm not sure how well this would work though. Thanks for sticking through this novel! Any advice I can get will be GREATLY appreciated. Thanks!