Going into business with family or friends – 5 essential tips

Thinking of going into business with family or friends? In this video, Nicholas Campion, our resident company formation expert, presents 5 tips on what you need to consider before doing so, and how to avoid the most common pitfalls. Chapters: 0:00 Intro 1:07 Tip 1. Discuss your vision and expectations 2:24 Tip 2. Consider the practicalities 3:40 Tip 3. Clarify ownership and roles 5:27 Tip 4. Set boundaries 7:15 Tip 5. Formalise everything in writing 9:46 Wrapping up Website: https://www.1stformations.co.uk/ Blog: https://www.1stformations.co.uk/blog/ Facebook:   / 1stformations   Instagram:   / 1stformationsofficial   LinkedIn:   / 1st-formations   Twitter:   / 1stformations   #1stFormations #smallbusiness #smallbusinesses # businessadvice #limitedcompany #newbusinessowner #companyformation #familybusiness #limitedliabilitypartnership #llp #limitedpartnership