Can Your Business Partner Take You Off The Bank Accounts?
If you are in a business partnership, call your bank and find out if you have a joint account. If you are “on” the account but it’s not a joint account, change it.
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.
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.