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

[Godleads1]

It isn't ideal of a partner who without due informations use the capital or profit of a business without informing the co partner or co founder. It might lead to retaliation and the downfall of the business.

 

[miztersam]

It is totally wrong and uncalled for, only the management or CEO has d right to use business funds for another business no matter the positive result it may yield, any one cut in that act should be jailed on account of using company funds for private use

 

[Koredsman]

To me its a bad thing to use the business money without telling the co founder.
If the founder eventually knows the trust that he or she has in you will be lost and can lead to lose of your job depending on whom your co founder is.
One has to open up even if the co founder will not agree

 

[Adventurer]

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 totally wrong and unacceptable, like you stated transparency and honesty is imperative among business partners asides from that taking funds without informing your business partner would be considered a fraudulent act.

 

[Onyinye]

It is unwise to use to business funds without telling the cofunder as that is an act of dishonesty and amount to breach of agreement. This might bring conflicts and between you and the cofunder and unturn affect the business

 

[Junaid]

Co-Founder Kin Bay Great, Time Searching for a Perfect Match for Butte Believing Architects, Jump Box Investors, Deaths for Thomas and Solopronors.

 

[eojo2401]

It is a breach of trust and confidence to take the fund that belongs to your business Enterprise without informing your co-founder. If you informed him or her, he or she will not stopped you from using the fund since you want to used the fund for a reasonable thing.

 

[Sanusi]

It is a wrong idea not to tell your co found owner before using business fund, it is the owner that gives worker the privilege to manage his or her business, if you want to make any move pertaining to the business especially fund, the owner needs to know.

 

[Favyosy]

me it is a No, it is totally wrong. Using business funds without seeking the consent of the other co-founders, it can be very catastrophic, it will eventually come out to the open no matter how much you try to cover it up and trust will be lost. It is theft

 

[Goodday]

It's never wise to use a business fund in a the partnership form of business without telling your other partners. Mostly there is always an agreement between you and the other partners and that agreement is that whatever one partner is thinking of doing, he or she has to inform the other partners about it before going ahead.

 

[EMMANUEL]

Legally it is an act of emblezzement, in which it has a sanction In law of business and also in the line of business, because how will one party go ahead out of the other party idea or permission to commit such an act, but the law has a special sanction towards this.
But it will be uncalled for when such an act happens, all is left is to just take the issue in law court for dissolution of partner's.

 

[Setfragil]

It is not a wise thing to do to use business funds without the knowledge or the consent of the owner of the business. If the founder entrusted you with the funds of the business he had trusted you that you will use it judiciously for the purpose of moving the business forward not for your personal use. Using funds of the business without the approval of the owner can get you sacked.

 

[Shigobad2020]

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 is not wise to use business fund without telling the co-founder, there must must trust and transparency between two co founder, both of them must sit and talk on how to use the money, don't spend money without the other party consent.

 

[Ibrahim]

As for me why will such employee use business funds without telling the co founder because it's not right and such person doesn't have the right to use the company money moreover such employee doesn't even have the right in the first place to use the company money

 

[gbadebo9]

Is not advice to use fund of co- founder without telling the partner. We can called that person a betrayer. Us advisable to be using one of partnership to use the company fund without the consent of others. If it continued the partnership may not last long bcos it is a betrayal of highest order. The partner need to have mediator who can broker peace between both of them or else the company will suffered for it. We need to be careful when we have a partner in business we need to have trust in each other so that the business will grow in fold and once it move like that the business the will come as profit.

 

[Robrown83]

It is not wise at all and that is breach of contract and moreover, the partner will.not trust you again. If he/she is someone that like money this will cause fight between two of you and he can take it legally.

 

[ossai]

It is not right to take decision as a a co-founder the founder you need to carry other people along it is very very important because you are not the only one running the business when it comes to business so many people involved even though shareholders your investors there are people you need to consider before taking a decision even in marriages do you need to consult your wife before you take decision so that is how business is.

 

[WhiteHouse]

It depends on what you using the money for and in case it should be on record what you did with the money and how you spent it, when there is doubt of trust among founders of a business it could negatively affect the business, so everything needs to be transparent.

 

[Kunkun]

It's not a wise idea because you aren't the only owner of the business. It is proper to share such plans so as conflict in interests do not arise. Also when such information is shared respect is passed

 

[maventiger]

looking at all contributions , I can boldly say we all know such act is bad. Why do founders do such things? I would say it's greed. The founder should be able to to communicate with the co-founder explaining to him and to seek approval. Even if the fund is used for personal project or settlement of business debts.