Friday 26th August 2022

What's it all about?

This article's designed to help you:

  • Make good decisions about setting up your new business
  • Sort through the best options for you and your business
  • Protect your personal cash and property if things go wrong

At RIFT, we understand first-hand why setting up a business with friends and family can be one of the best decisions you ever make. After all, we're a family business ourselves! You may not be able to pick your family in life, but you do have some important factors to weigh up when you're kicking off your new business with people you're close to. It's a lot like committing yourself to a relationship. You're looking for someone you can truly trust and build something meaningful with. When you go into business with someone, you're making decisions that can affect your finances and prospects for potentially years to come. It's essential that you pick partners you trust, respect and work well together with. At the end of the day, you're looking to form a legally binding agreement that works for everyone involved. That means teaming up with people who suit your business as much as they suit your personality.