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.
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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.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?
Transparency is very important to foster development inna business and going behind or taking decisions especially the financial ones negates that transparency.You will think that you will replace and you might be able to replace it actually but it breeds distrust and cause disharmony
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.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.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?
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.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.