Even when people get along well, having one partner’s relative handling the books just isn’t good policy. There is an inherent conflict of interest.
There are many things to cover in a solid Partnership Agreement. In this video, I’ll explain the items that need to be covered. You may have other items to include as well. Keep in mind that there are many ways to address each clause. My job is to offer you options and to help partners agree on how they want to address every line item.
5 Steps to take when business partners disagree. These steps work and could save your business. Step 1: Ask Yourself if this is Worth a Disagreement?
We must always balance being too negative or too positive and make certain we are being realistic. Furthermore, we need to be careful that we convey that reality to others.
I deal with family business problems all the time. Frankly, they are by far the hardest to resolve.
You asked for it so I’m offering binding mediation under specific terms. Before we get to those terms, let me explain binding mediation.