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

[joy101]

It is not good to take business funds without telling the co founder, is very bad for someone to for that because is not advisable, one need to be sincere.

 

[Setfragil]

Using business funds without telling the cofounder is not a wise thing to do at all it brings about or caused trust issues which can leads to fight between the two partners. In fact, using funds without cofounder approval of it can be seen as stealing business funds.

 

[Setho]

No matter how you look at it or the reason, you should not take funds out of a business without informing your co owners or a management staff at least because it would be the start of mistrust and that is not good.

 

[GIFTMICHAEL]

That will raise uproar, the two partners should have mutual understanding. Before going to do anything or make any decisions around the business the both needs to agreed on it to avoid dispute.

 

[Setho]

One of the very great pillars of business is the trust especially between management staff and taking money out of a business without informing a co owner will bridge trust.

 

[Shigobad20201]

Using a business found thats meant for the company without informing the co owner is an act of stealing , the both (founders) should be aware of how the company fund is been spent.

 

[Kingzy43]

Its never a wise decision to do away with the funds, because it potrays the bad side of the person its in fact theftry in my own understanding

 

[Giannis]

NO.Just no.It wouldn't be wise to do things without telling the co-worker especially in financial issues.You will lose his trust and maybe that can destroy the relationship with the co-worker even such a thing can destroy your company

 

[Eodine]

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?

Openess and directness is a key trait that every worker in every organization, even as accountants one has to be flexible to know the right way to go so it is important to only take steps that have been run by superiors.

 

[Kelly5]

This is highly prohibited practice for a joint business partner to be doing or engaging in. It does not speak well of the partner that is doing such things. It can be see as stealing since you alone don't own the business

 

[Setho]

You should not use The business funds without informing the co owner no matter what. You should know that trust is a very big part of business and you should jot beach it.

 

[Sotherefore]

Lolz, this is not actually the best option because any business organisation people are working together to achieve a common goal and whatever step you are taking in business should not be private and confidential because managing of a business is not a one-man job.

 

[Setho]

This would actually be a terrible thing to do. The business is one that is not owned by only you so anything you are doing you should inform the management staff of it

 

[eLdavis]

Using business funds without telling the boss or who ever is at the top can be considered as stealing. You might have the mindset to return it immediately you get it before others would notice but what it it does not go your way?
During the last major dip on bitcoin i read a news where a man was arrested because they discovered he invested company funds into crypto without anyone knowing and because of the dip he lost it

 

[Abigael]

I think you should inform your cofounder about any business money you used or plan to use. Transparency is one of the most important qualities in partership. Lack of it can only lead to conflicts.

 

[akinlolu99]

No it's anything but insightful to utilize the assets without telling your prime supporter aur without advising him on the grounds that numerous individuals are from youthful age they did botches like this yet toward the end stage exceptionally terrible for both of you and your business and your standing so you should converse with him about anything you need to utilize you need to spend aur some other action identified with business never do it without fellow benefactor

 

[Sotherefore]

This is never a wise decision ,at least you should respect the management of the company and make sure that you inform them of any action you are taking because they are the one that controls the business organisation.

 

[Josemendez]

This is never a wise decision ,at least you should respect the management of the company and make sure that you inform them of any action you are taking because they are the one that controls the business organisation.

Exactly , being a Co founder means that the business decisions shouldn't be carried out by one particular person but the founders. Such actions will lead to problem

 

[Kane]

If one partner use the funds without informing another partner, the only possible reason I can see is the funds embezzlement. Partnership works on mutual trust

 

[Alexandoy]

NO.Just no.It wouldn't be wise to do things without telling the co-worker especially in financial issues.You will lose his trust and maybe that can destroy the relationship with the co-worker even such a thing can destroy your company

You may have lost your thoughts because the topic is about using the business fund and the co-founder or part owner. It is not about the co-worker because the funds are not owned by the co-worker. Anyway, I hope you will read properly the thread next time.