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Stole this from some random website:
You will not need to be at the business at all times. You will have someone else who will be there to share the load and permit you to take a vacation and have sick time.
You will also have a highly motivated co-worker, not just someone who is earning a paycheck.
HOWEVER
You will have to share the rewards if the business is successful.
You will lose total control over the business, particularly if you and your partner have difficulty in making decisions.
You will have to share the recognition that will come if the business is successful.
A partner can be a disaster if his or her judgment is not good.
You run the risk of a falling out and perhaps the necessity of one partner buying the other out if you do not get along.
..I personally would try to keep the company "heads" small, simply because I want to have control over many aspects of my own business. Also -- remember that his investment capital only shows up now. His judgement and his control will be there for the life of the company (or until he is bought out).
I've met people I just couldn't agree with -- I'd hate to be stuck as the owner of a company (my financial success) with that type of person.
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"I'm typing on a computer of science, which is being sent by science wires to a little science server where you can access it. I'm not typing on a computer of philosophy or religion or whatever other thing you think can be used to understand the universe because they're a poor substitute in the role of understanding the universe which exists independent from ourselves." - Willravel
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