Majority rules in an LLC unless your Partnership Agreement says otherwise. That means any changes in ownership affect voting power.
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.
If there is tension in your business partnership, do these 4 things before the tension turns into a fight.
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.
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.
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.