Would you do business with your parent

I had some conversation with my dad he said something interesting that I would like to hear your views. We were talking about somethings then an issue came up on how people buy assets like land, buildings etc with their parents. Long story short he insisted that he is not for the idea since the parent will have the final say. In that the son/ daughter will not make independent decisions. What do you think guys do you agree with him? Personally I saw some sense in that.