Business Partnership Advisor

Together, we can fix your business and partnership problems

Chris Reich, Business Luminary

Can Your Business Partner Take You Off The Bank Accounts?

You just found out that your partner took you off of the business bank account! Can he do that? It depends…

Your Business Partner Can Remove You From the Business Bank Account

That doesn’t seem right. If two people are equal partners on a business account how can you be removed? Why would the bank do that on his word without talking with you? Because there are two ways for you to be on that account. If it is a joint account, he can’t remove you without a court order of some kind. If you are an authorized user on the account, and your partner is the account holder representing the business, you can be removed.

Bank Lockout by Business Partner- Chris Reich

If you are not a joint account holder, you need to change that or open a new bank account for your partnership.

Chris Reich, Business Partnership Advice

Get a Joint Account

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. I can’t stress how important this is.

If you are a “signer” on the account, that means you are an authorized user. You can add, or take money. Your partner, however, has the ability to remove you from the account. Things may be great with your partnership today, but that could be very different tomorrow.

Are You Setting Up a New Partnership? Make Sure You Open a Joint Account.

 

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“Please find out if you are an authorized signer on your bank account or if it is a joint account. Trouble with your partnership? Contact me. It’s what I do. Chris Reich”

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Email: [email protected]

Phone: (530) 467-5690

Partner Kills Partner in Family Pizza Business

Terrible Tension In Family Business Partnership

In family businesses, when things break down, they really break down. The stress level is much higher than when a typical partnership has issues.

There is a right way to get out of an LLC- or to remove a member

How to Get Out of a Partnership LLC

While it seems like it should be very easy to get out of an LLC, it can be complicated. Even if the business is very small, there are considerations beyond getting your money back. In this post, I’ll try to hit the important points of getting out of an LLC Partnership. These same items apply if you want to remove a member from your LLC too.

Business Mediator Can See Around Corners

Business Mediator Can See Around Corners to Help You

Sometimes people will intentionally make an effort to trigger anger, frustration, or irrational behavior. As a Business Partnership Mediator, I see this behavior often and can help calm things down so we can have a rational discussion toward resolution. Seeing ahead is a super-power! I can see where the problems are and the best possible outcome.

THe time it takes to mediate an agreement between business partners is not up to the mediator.

How Long Does Business Mediation Take?

The amount of time needed to work out an agreement is in the hands of the disputing partners. We could talk a few minutes about options and reach agreement. But that never happens.