Business Partnership Advisor

Together, we can fix your business and partnership problems

Chris Reich, Business Luminary

4 Things To Do if There is Tension in Your Business Partnership

Here Are 4 Things to Do if There is Tension in Your Partnership

#1  Start Taking Notes

Write done the things that bug you and add tension to the partnership. Be sure to add specifics such as amounts, if involving money, names, and dates. If the problems are serious or potentially criminal, those notes could be helpful later.

When stress levels go up our thinking gets clouded. Keeping notes will help you clarify your position if a third party is called.

#2  Get a Partnership Agreement!

If you don’t have a partnership agreement, get one before the tension prevents you from talking freely with your business partner.  Once the tension rises, it’s nearly impossible to talk calmly about a buyout. A good Partnership Agreement defines the terms if a partner needs out of the partnership. Read more about getting a Partnership Agreement

These 4 steps can help you get mental clarity if there is tension in your business partnership.

Tension in Your Business Partnership

Here are 4 steps to lower your stress if there is tension in your partnership.

Article by Chris Reich, Business Partnership Mediator

#3  Get an Outside Perspective

Talk with a business mediator or moderator like me. I help people get past the tension that is bound to arise in every partnership. You will be surprised at how much better you’ll feel after talking about your partnership. You’re not alone.

As stress rises, we get angrier inside. If that leads to a blowout, your business could suffer. If you end up in court, the process will be very expensive. Why risk losing an expensive fight when you can work things out calmly for a fraction of the cost and get far more benefits?

#4  Talk with Your Partner About 3rd Party Moderation

If your partner will work with an independent, neutral 3rd party, you will have a very good chance of reaching a very satisfactory resolution. Rather than a mediator, I call myself a moderator. I moderate the tension and conduct calm, civil dialogues with all partners.

The process works. Ask your partner about her willingness to work with outside expertise. It’s no secret that once all parties are talking, they will probably be able to work things out if they get good guidance as part of the mediation process.

Chris Reich
(530) 467-5690

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“Tension in your business partnership? Take these 4 steps immediately.”

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Take the proper steps to protect the money you invest to start your new business partnership.

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Somebody puts up money with someone who agrees to contribute labor as their contribution to an equal Partnership. Once things are set up, and a lot of money is spent, the other Partner fails to perform, and the troubles begin. I get 2-3 calls like this every week.

Your partner may take money from the business whenever they wish to do so. A Partnership Agreement could protect you.

Your Business Partner Keeps Taking Money from the Bank Account

Partners take advantage of partners every day and they get away with it. It is the most painful call I get. It sounds like this, “I put all the money I had into starting our business. My partner had bad credit and no money, but he promised to do all the work to get the business going.

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How to Get Out of a Partnership LLC

While it seems like it should be very easy to get out of an LLC, it can be complicated. Even if the business is very small, there are considerations beyond getting your money back. In this post, I’ll try to hit the important points of getting out of an LLC Partnership. These same items apply if you want to remove a member from your LLC too.