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Old 08-08-2019, 08:48 PM   #6
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Originally Posted by joey2665 View Post
Speaking as someone who at one point had 11 partners and myself in a business I will tell you a few things:

that is a lot of personalities to deal with

There is always the inevitable who is working harder than who

Who is spending more time

Do the chef and dishwasher and bus boy all share equally

And do on

At the end of the day 2 of us ended up buying out the other 10 partners

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I have not done this but have watched it from afar.

The comments here are dead on.

Human beings sometimes (often) do stupid stuff.

What if a partner steals, has an IRS issue or debilitating health issue.

If those things occur, how do you resolve it?

I would never participate in this arrangement.
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