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.
7 Steps to Work Out Compensation Issues Between Business Partners
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.
4 Things To Do if There is Tension in Your Business Partnership
If there is tension in your business partnership, do these 4 things before the tension turns into a fight.
8 Things a Good Business Partnership Mediator Can Do for You
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.
Is It Time to Start Taking Money Out of a Business Partnership?
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.
How to Fix Problems with Your Business Partnership
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.