Biggest challenge so far has to be the recession, becoming a partner and then the sole equity owner of the business in 2008. (newlawjournal.co.uk)
For example, if you are new to flipping homes then maybe you want equity owners with 1980 - 2000 builds for a less extensive rehab. (biggerpockets.com)
What about not - for - profit and government organizations without equity owners? (businessethicsblog.com)