Thinking of going into business with friends or family? Think twice—avoid FRAUD

F – Familiarity breeds complications. Personal relationships can cloud judgment and lead to unchecked risks.
R – Risking relationships. Disputes over money or control can permanently damage your bond.
A – Accountability blurs. It’s harder to hold loved ones accountable when things go wrong.
U – Undefined boundaries. Mixing business and personal life often leads to conflicts and confusion.
D – Difficult to exit. Splitting up a business with friends or family is messy, costly, and emotional.

Protect your relationships—keep business and family separate! Consult your accountant and attorney early and often!