Business Partnership Advisor
Together, we can fix your business and partnership problems
Chris Reich, Business Luminary
Ask Your Business Partnership Questions
Why don’t you start a forum where were can ask general partnership questions? I think it would be popular.
A few people have asked for this: Set up a place where you can submit questions about your own partnership problems. I liked the idea so much, I did it!
See and ask questions about business partnership problems. Go Here
You can ask your questions without disclosing your identity.
Chris Reich, Business Partnership Mediation and Advice
General, Not Legal Advice to Help with Your Business Partnership
Obviously, I cannot get all the details for a single posted question so my advice is general and applicable to most similar situations. My position is generally try to work things out while improving the business or get you out of the partnership. Most of the time, things can be worked out if all parties make some effort.
Because I work as a mediator, moderator is a better term, I do not give legal advice. Asking a question doesn’t put us in a client relationship. While it’s always better to avoid legal disputes and to work things out between partners, I will recommend lawyers on occasion. Sometimes, court is the true last resort.
“Feel free to ask your business partnership questions. I’ll do my best to provide you with the answers you need. Remember! You can always arrange a free consultation. ~ Chris Reich”
Let’s look at how to plan for the next generation of your family to run your business. It’s never too early to make a succession plan and the earlier you start, the more options you have.
How do I get out of my partnership? And, it’s the biggest reason I am always ranting about having a Partnership Agreement. Without a Partnership Agreement, your options are very limited. You accept anything your partner is willing to give you, or you can dissolve the business.
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.
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.