I'm all for sharing space with your friends/spouse/sibling when launching a business. You'll get more bang for your buck if you're building, but I think the driving factor here should be the use of the two offices.
My all-time favorite is a place in Story, Wyoming. Husband-wife team, she owns a beauty salon and he runs a taxidermy. Out of the same building. Not a place that inspires a makeover. THIS PLACE comes a close second in the Inappropriate Business Combinations contest.
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