Game Theory and Business Partnership Negotiation
Never prepare for negotiations by thinking about what you want first. Start by thinking about all the possible things that would constitute a payoff to your partner.
Can Your Business Partner Steal From the Business?
I get a lot of calls about thieving partners. People are often disappointed when they hear the answer. If your partner takes $20 out of the bank account using the company’s ATM card and uses that money for lunch, it’s not stealing.
You Don’t Have to Be Stuck with a Bad Business Partner
Every responsible article on this topic will start with the recommendation that you review your partnership agreement. You can still get out without an agreement.
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.