Business Tips by Chris Reich
Tips from growing a business to dealing with disputes
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.
One Partner Wants to Dissolve Our LLC
The answer is YES under certain circumstances. If there are two equal partners in the LLC and one of them wants out, dissolving the LLC is an option.
What to Do When Your Business Partner Takes Money Without Talking to You
No matter how small the amount, taking money without talking without mentioning it is serious because it breaks trust.
How to Split a Business When There Is No Partnership Agreement
Two people show up in court fighting over the proceeds from the recent cash sale of their small business. Let’s call them Bob and Alice. There is no Partnership Agreement.
Get a Partnership Agreement NOW and Do Not Use a FREE Template
If you do not have a Partnership Agreement with Buy/Sell provisions, you are missing something that could protect you in the future. Don’t wait another day. Call me and get this done.
Partnership Mediation, Arbitration, Litigation, Negotiation and Best of All, Moderation
If your business partnership is breaking down, you have a number of possible ways to get it cleared up. In this post, I will offer you an explanation of each. Keep in mind that these aren’t just different styles to reach the same end. That said, as Stephen Covey would say, “Start with the End in Mind.”
What To Do When You Cannot Get Out of a Bad Business Partnership
If you have fallen out of like with your business partner, you have a lot of very careful negotiating ahead of you.
You Cannot Walk Away from a Sour Business Partnership
Before you do anything about your soured partnership, review your organization documents. Take a look at the Operating and Partnership Agreements to see if you have provisions for a voluntary exit of a partner.
Talking to Crazy: Dealing With an Irrational Business Partner
There are cases where one partner will not accept anything offered in order to make peace. That is irrational behavior.
Time Is Entropy
Entropy may be the most important word you’ll ever learn in business. Entropy matters. Right now, it’s eating your business.