Hi Mayank, I run a partnership firm manufacturing specialty chemicals with me & wife as partners for the last 15+ years & have been quite successful till date. Only I am involved in the business since inception. Our daughter has competed her graduation in a totally different stream & has started working in a firm related to her field of study. She has to work over 12 hours / day ( including commute) & is paid very low salary, the prospects of her getting major increases over the next 5 years are almost non existent as the field in general pays very low salaries, unless you are able to start your own firm. With the above perspective I had suggested to our daughter to join our firm on a salary basis ( much better than what she is currently getting ) & over the next 5 years have a good growth in terms of income. Eventually she could take over & continue. She too seems open to this suggestion. I am still not clear on the pros & cons of this decision & would request you for advice on the same. Thanks