Business Tips by Chris Reich
Tips from growing a business to dealing with disputes
Did Your Partner Take You Off the Bank Account?
Can your business partner take you off the bank account? If you haven’t set it up correctly, he can. So watch this and act accordingly.
How to Fix Business Partnership Problems in 6 Easy Steps
Here are 6 easy (and cheap!) steps to fix your business partnership problems. My process is uniques and it works.
The Most Important Step When Starting a Business Partnership
The 2 reasons creating a Partnership Agreement should be your first step when forming a business partnership. First, the protection a Partnership Agreement affords makes skipping this step rather dumb. Second, the process of working out the terms of your Partnership Agreement will reveal potential problems and help you work them out before they happen in the real world.
How to Deal with a Crazy Business Partner
Are you dealing with an irrational business partner? If so, the rules of engagement are very different and swift action is advised.
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.
Can You Prove Your Ownership in the Business?
It’s a real heartbreaker to get a call from someone who says they are a partner in business but the other partner refuses to acknowledge it.
How to End a Business Partnership by Agreement
Is It Time to Quit? Dissolving your partnership and or folding your LLC is a big move. Be certain that you and your partner are clear about this decision.
6 Things to Do if You Have Problems with Your Business Partner
It’s normal to have some problems with your business partner. All partnerships experience periods of tension. So put down your worries and read about the 6 things to do that will help fix problems with your partner.
Be Careful About Changing Equity Positions in Your LLC
Majority rules in an LLC unless your Partnership Agreement says otherwise. That means any changes in ownership affect voting power.
7 Steps to Work Out Compensation Issues Between Business Partners
Here are 7 important points to consider as you work out an agreement on compensation with your business partner. Above all, remember you can do anything that legal and agreeable to all partners.
4 Things To Do if There is Tension in Your Business Partnership
If there is tension in your business partnership, do these 4 things before the tension turns into a fight.
8 Things a Good Business Partnership Mediator Can Do for You
In Partnerships, the problems that come up are as varied as individuals. Though mediators see many of the same themes, each situation is unique and requires skillful listening.
Is It Time to Start Taking Money Out of a Business Partnership?
You find out your partner used the debit card to take cash from the business without talking to you. It’s your firm position that the partners should not take any money out of the business until the business is profitable. Your partner disagrees.
How to Fix Problems with Your Business Partnership
When it comes to problems in a partnership, you want to start by talking with an independent party with the experience to help you. You don’t start with lawyers.