What happens when parents and children go into business together?

Call it the ultimate test of the parent-child relationship: going into business together.

We're not talking about founders of established companies passing the reins to the next generation. We're talking about Mom or Dad starting a company with the person whose diaper they've changed. Or kids getting a start-up off the ground with the person who taught them how to drive.

It's definitely not a traditional path to entrepreneurship, but a number of families are now giving it a shot. Part of the reason, no doubt, is the economy: More parents are being laid off and more kids can't find a job to begin with. But whatever the reason, parent and child often find that teaming up brings strong advantages.

via What happens when parents and children go into business together? - WSJ.com.