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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Chris Reich Answers Partnership Questions

Ask Your Business Partnership Questions

A few people have asked for this: Set up a place where you can submit questions about your own partnership problems. I liked the idea so much, I did it!

Can You Get Rid of Your Business Partner?

In order to remove a partner you’ll need to take legal action and then you must prove your case in court.

Are You Looking for a Mediator In…?

You don’t need someone in your town with years of experience, a successful methodology, and great rates when you can call me in as your business mediator!

Lying to your mediator will only lead to failure

Lying to Your Mediator

If parties to mediation aren’t honest with the mediator, it makes for a crippled process. When outright deception is practiced, the mediator could be forced to walk away from trying to help.