Business as in an cooperation business should be run by the way decisions of the partners so taking and spending funds of the organization without the consent of other partners is absolutely wrong and inappropriate.
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If you don't want to be seen as someone who is not trustworthy, you need to inform your partner whenever you want to use the business fund. You are not the sole owner of all the phone anything since there is nothing stopping from carrying your partners around whenever you want to make transaction with business funds.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 organizations funds for personal gains and benefits without telling the co founder of the business organization, it is an unethical business practices, and should not be encouraged.This can be possible only if you're solely the owner and founder of the business, if not, this shouldn't be done because it can actually cause a dispute among individuals and your co-founder which will affect the business
No its not wise to do this because without telling to founder its turn to b theft in business its necessary to do any thing after informing the founder and any other authorized person..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 not only unwise but also dangerous to use business funds that belongs to a joint business partners without their knowledge. This is a sign of unfaithfulness in a partnership and it will create loop holes in the company which may later result in dispute of interests and lack of trust.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?
I can't agree less with you this @Oluwasube. The reason most partnership end up in dispute is due to lack of trust. It is unwise to make financial and non financial related business that affect the business without other persons consent.It is not not only unwise but also dangerous to use business funds that belongs to a joint business partners without their knowledge. This is a sign of unfaithfulness in a partnership and it will create loop holes in the company which may later result in dispute of interests and lack of trust.
It is unethical to use the business fund that is meant for thr company without telling the co funder, it is an act of stealing in my own opinion, since you are not the only founder, you must be transparent in all your transaction, and that's the only way you can gain the trust of your colleagues.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?
That's one of the fastest ways to lose the trust of the co-founder, and even that of other business partners.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
I agree with your comment to some extent. Even if the purpose of drawing such funds is for expansion or business related cost. It's important for the other party to be aware of such decisions so far it has to do with the business finances.not wise but dumb, using someone's else money without their permission is either stealing or lack of responsibility, which might make people lose trust in you, without doing a single action, you should take permission for it!