Singapore Entrepreneurs Network & Startup Organization

I am toying with the idea of starting a second website (hopefully early next year) and thinking of roping in my brother in law in S’pore to help me on some kind of  ‘profit sharing’ basis.
Has anyone run a biz with family member / members, do you think this is a good idea?
 
On the logistics side
1)If I were to import the product from overseas, say Indonesia and ship to Singapore, how much import duty or GST do I have to pay?

2)Can I just start the website and deal with the technicalities (registering the biz, taxes etc) at a later date when the biz has grown to a certain level.

My husband advised me that any agreement (esp. profit sharing) should not be agree verbally and must be in writing (ideally drafted by a solicitor) to avoid any future misunderstanding.

Nicholas,

Thank you for your advice. On second thoughts, I could probably start the 2nd website on my own, without getting my BIL involved. Just need to figure out ways to fully automate the second website.
One good thing about internet business, if the biz does grow, can always outsource the “packing and shipping” to a fulfillment company (such as amazon.co.uk). In the long term, probably more cost-effective and less headache than getting family or friends involved.
Once again, thank you for your advice.

Thanks for your input Jonniebiz. Since it will be our 2nd website, I probably will not be able to put too much work into it initially, our current website is still my top priority. So it isn’t such a bright idea to get my BIL involved initially.

After saying that, most of the small internet business over here in the U.K. and possibly USA are started by either husband and wife team, friends or family members clubbing together.
Some of them work on the biz for many years whilst still holding their day jobs and only quit or scale down their day jobs when the biz has grown to provide them with a dependable income, which is what I would like to do.
The general consensus is: you need a number of websites under your belt to do this, so if one website say gets thrown out of Google, you have a number of backups to fall back to.
I appreciate that this may not work in Singapore since most people work extremely long hours and do not have the time to start a part time biz in the first place.