Can Your Business Partner Take You Off The Bank Accounts?
If you are in a business partnership, call your bank and find out if you have a joint account. If you are on the account but it’s not a joint account, change it.
Negotiating When There is No Incentive to Reach Agreement
Many people who call me find themselves in the frustrating position of not having any “power” in their failing partnership. There are two options.
Game Theory and Business Partnership Negotiation
Never prepare for negotiations by thinking about what you want first. Start by thinking about all the possible things that would constitute a payoff to your partner.
Can Your Business Partner Steal From the Business?
I get a lot of calls about thieving partners. People are often disappointed when they hear the answer. If your partner takes $20 out of the bank account using the company’s ATM card and uses that money for lunch, it’s not stealing.
You Don’t Have to Be Stuck with a Bad Business Partner
Every responsible article on this topic will start with the recommendation that you review your partnership agreement. You can still get out without an agreement.