Is it wise to use business funds without telling the co founder?

[Setho]

No matter what you want to do with the business fund or how object it is it is very important that you should discuss with your co-owner first before withdrawal.

 

[kayode10]

I think trust is a reason why your business partner go into establishing a business together with you. Spending business capital without his or her concert will jeopardize that trust.

 

[Justin]

If you founded the business by partnering with another individual, you are not the only owner, therefore, you do not have the rights to use the fund without discussing with another owner.

 

[Ralphjoe]

As the founder of the business, you need to be direct and honest about your circumstances with your co-founder. It is important to be transparent and accountable at all times being the founder.


Is it wise to use business funds without telling the co founder?

It's a very bad activity for a staff or an employee to use a business funds without informing the owners of the business because it is actually theft and for a staff to be in theft then that stuff need to leave the company.

 

[Setfragil]

Using the business fund without telling the without telling the co founder is a total breach of trust and contract between the two parties.

 

[Ezekiel]

That is a clear definition of stealing,it means you are not transparent,and transperency matters alot in business,as long as you are not the founder you do not have any right to use the business money without proper notification, except if the co founder agreed that you should use the money without telling him or her

 

[Wilderthought]

No it's not that is if you use it to make the business better. If you are the doer of the campany then it can be right sometimes every Business needs a risk taker

 

[btaliat]

What i do most time is to buy small amount of these coins in case there is increment in their pieces later. No one can tell which coins will blow soon.

 

[Setho]

It will actually be very dishonest of you to take out funds from the business account without informing your co-owner and it is something that might create a very big distrust between two of you.

 

[Ghost1]

Very very unwise. It develops dishonesty and you can no longer be trusted. The other founder would at some point wants to take his own after all u did

 

[Ceeny007]

You will think that you will replace and you might be able to replace it actually but it breeds distrust and cause disharmony

 

[Filicit]

You will think that you will replace and you might be able to replace it actually but it breeds distrust and cause disharmony

Transparency is very important to foster development inna business and going behind or taking decisions especially the financial ones negates that transparency.

 

[Favouredgirl]

As the founder of the business, you need to be direct and honest about your circumstances with your co-founder. It is important to be transparent and accountable at all times being the founder.


Is it wise to use business funds without telling the co founder?

Your Co founder is supposed to be someone you chose to work with and trust. You shouldn't do anything that concerns the business at his back, he should be carried along and should be aware of all the happenings. Since the both of you have chosen to work together, when the need for you comes for you to use fund, he should be aware because he's part of the business.

 

[Cee C Chriss]

It’s really more that bad,Totally wrong. U have no such right,It’s a partnership. Everything has to be recorded and accorded accordingly without any single error. Give exact account of all figures. Any step taken without the consent of the member or partner is definitely a theft. If the business no come work out nko??? How u gonna explain it all knowing everyone depends on that income.

 

[Tochi]

As the founder of the business, you need to be direct and honest about your circumstances with your co-founder. It is important to be transparent and accountable at all times being the founder.


Is it wise to use business funds without telling the co founder?

It's very wrong to make use of funds, meant for a business, without informing your Co founder. It only shows there's no sense of belonging, and respect for your Co founder. It could cause emotional imbalance between you and your Co founder. Thus, it's wise and best to inform your Co founder before making use of funds, except when it's urgent and you need to, before informing him or her.

 

[Sotherefore]

Since you're not the owner of the business it is not advisable for you to use the money of a particular business organisation without allowing the management of the business to know about it.

 

[Kane]

Using business money without telling the co owners and partners is embezzlement, this is fraud. Even if you are the sole owner of business you should never use business funds for your personal gains, that's unprofessional

 

[nimzy]

To me personally any form of business it is all about ideas that is sharing of ideas but when ideas are not sure I don't think such business investment can hold to earn benefits

 

[Ralphjoe]

It is not wise, because that is just a fashionable to call it embezzlement, because you should carry your co founder along, it will be advisable not to be involved in that kind of deal, it is basically illegal and punishable under the law that guild business act.
Doing such a thing could no wise send you on a disarray by law.

For me any business employer or employee that uses the funds of the business without due process or without letting the owner of the business are where is definitely a teeth and such a business owner or an employee deserve some consequences for their actions.

 

[Stnicholaz]

Using business funds without seeking the consent of co-founder(s) is tantamount to fraud or theft. Trust is an essential part of business and if others found out, it might affect the business negatively if not properly resolved.