I`d stay out of a partnership with Family. Reason being is *if* things don`t work out you don`t have a life long family riff... Freindships come and go.. but Family... nahh....
I wouldn`t go there..
key things to look for in a partner include:
you may think up others. you may also decide that some of these are more important than others. for me, i`ve always gained great confidence knowing that my brother would be there no matter what, through thick and thin. the loyalty is beyond question. for this reason, i hold doing business with family as a GREAT thing to do. but to bfleming98`s point above, you have to have the other qualities i mention above or it`s a recipe for disaster.
fyi, most U.S. businesses are family businesses - 80% of them are according to the University of Wisconsin Family Business Center.
your wish is our command, netrix! this is a great idea. we`ve done articles on this and a podcast is in order!