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how can i trust my cousin?

I want to open a business with my cousin, he is so skilled but he has stolen from his previous work place. How can i trust him and furthermore secure myself in the business?

11 Answers

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  • 1 decade ago
    Favorite Answer

    you dont ....keep your enimies close and freinds and family closer ...plus your cousin will be more apt to steal from you becuase he thinks that you wont press charges becuase of family pressure that you will recieve if you do

  • Anonymous
    1 decade ago

    Hire an attorney to draw up all the paperwork, securing your position in the business.

    I recommend dual signature accounts - neither one person can write against the account without the other's signature. Or hire an accountant to process payments/deposits, thus eliminating your cousin from the process.

    Nothing ruins families faster than money. I recommend you treat your cousin as a business partner, and expect the same from him. But are you prepared to be the sole proprieter if he bails out on you or you have to sever business relations because he reverts to old habits? Would you lose everything if you get stuck owning the business solo? Might not hurt to have someone run a background check on him.

    Good luck...

  • 1 decade ago

    Oh, don't do it..it's harder to get back money from family than anyone else. Besides, he might use the fact that he is family to take money whenever he feels like it. Try not to do business with family and friends, money usually ruins a lot of these relationships.

    Never get into business with anyone you're not sure about..family or otherwise.

  • 1 decade ago

    That is someone that you DO NOT want to go into business with. If his only skill is theft, why would you even put yourself in line to work with someone like that? And dont say, "he's family, he wouldnt do that to me."

    Its usually family that are quick to take advantage of us.

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  • 1 decade ago

    in my experience theft is a lifelong habit, nothing pulls familys apart faster than money (even without theft), its not in the good times this wil do you damage but in the hard times when you need it most. it starts small and innocent with all intention to pay it back and then it becomes a compulsion or an obsession burning everything in its path with no remorse. theft is an incurable disease, but thats just my thoughts

    if you have to ask the question...that is probably your answer

  • 1 decade ago

    if u can try not to do business with a family member or really good friend because it doesnt always work out the way it was planned

  • 1 decade ago

    If In doubt Dont.. Thats the general rule.

  • Anonymous
    1 decade ago

    working with true friends is hard enough - but working with family is just asking for trouble!

  • 1 decade ago

    you can trust him by calling him and explain thing for lf him want to grown in bussiness he should not be stelen again

  • 1 decade ago

    if you dont feel secure then you shouldnt do it

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