Talking to Crazy: Dealing With an Irrational Business Partner
There are cases where one partner will not accept anything offered in order to make peace. That is irrational behavior.
How to Get Out of a Business Partnership
The 2 big issues related to getting out of a business partnership are getting agreement on the price you desire and protecting you from liability. If there are no executed agreements in place, be very careful with how you proceed in your negotiations. It’s a good idea to get an adviser on board.
Family Business Partnership Problems Are Different
A family business partnership has unique issues that sometimes cannot be fixed. Even the most hostile business partners will listen to reason.
YOU Did an Amazing Thing So Don’t…
Starting a business is one of the hardest things to do. You did it! But you are having partnership problems. Relax, we can fix that.
Family Partnerships Need Good Written Documents
If you are starting or are already in a family-owned business, it is very important to define all aspects of the partnership. Be sure to clearly define the distribution of ownership and specify how partners are compensated.
But My Partner Did It!
Is your business partner in charge of the books? What if he doesn’t pay the taxes? You bear equal responsibility whether you know what’s going on or not.