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The Fiduciary Duties of Partners in a Business Partnership

The Fiduciary Duties of Partners in a Business Partnership

by Chris Reich | Jan 10, 2021 | Family Business, General Discussion, Partnership Advice, Partnership Disputes, Partnership Problems, Top Post

Partners in a business partnership, other than limited partners, have legal obligations to the partnership that are called the Fiduciary Partnership Duties. In this post, we’ll look at these duties and, hopefully, clarify what they mean.

You Can Backdate Agreements in Business Legally

You Can Backdate Agreements in Business Legally

by Chris Reich | Dec 19, 2020 | Partnership Advice, Partnership Disputes, Partnership Problems, Problem with Business Partner

Many people are trying to work out new arrangements with their business partner but find themselves in bad place on the calendar. Despite both parties agreeing to a change, it could take months to worth out the terms. Don’t worry.

Discuss, Agree, and Document How Partners Will Be Paid

Discuss, Agree, and Document How Partners Will Be Paid

by Chris Reich | Nov 21, 2020 | Business Disputes, Partnership Advice, Partnership Disputes, Partnership Problems

This might surprise you. Compensation does not have to be equal in a 50-50 partnership. You can, in fact, do anything you want as long as it’s agreeable with your partner or partners. Read on!

In Mediation Use Sense and Don’t Fight Over Cents

In Mediation Use Sense and Don’t Fight Over Cents

by Chris Reich | Oct 25, 2020 | Business Disputes, Family Business, Partnership Disputes, Partnership Problems, Problem with Business Partner

When business partnerships go bad, very often someone wants out. That starts one of two possible processes. The business enters Wind Down and begins the process of closing or the partners start discussing a Buyout.

Funny Friday: Video Conferencing

Funny Friday: Video Conferencing

by Chris Reich | Aug 28, 2020 | Could Be Better, Fun at Work, Partnership Problems

Video Conferencing is sometimes riddled with issues. If you’re working remotely this should give you a good laugh. Enjoy, Chris Reich

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Recent Posts

  • The Fiduciary Duties of Partners in a Business Partnership
  • You Can Backdate Agreements in Business Legally
  • Discuss, Agree, and Document How Partners Will Be Paid
  • In Mediation Use Sense and Don’t Fight Over Cents
  • Funny Friday: Video Conferencing
  • Do Not Stop Working if You Want to Leave the Partnership
  • How to Draft Resolutions to Strengthen Your Partnership
  • When Politics and Business Partners Don’t Mix
  • Relatives Should Never Keep the Books in a Business Partnership
  • About Documenting Partnership Expectations

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