If I reset privacy and location settings will it stop sharing with my friends I share with and do I have to reshare my location and request it back from them to reshare theirs too?

If I reset privacy and location settings would it make it where I have to reshare my location and request my friends I share for their location all over again? So one of my friends that we both share location with each other and under the people tab her location says no location found but she is apart of my family account so under the devices tab her location shows up why would that be and?