5 Points to Consider When a Partner Is Locked Out Of the Business
Locking a partner out is a risky move. The locked-out partner has rights that if violated could entitle him to reinstatement and damages.
Protect Your Interests with a Partnership Agreement
Your Partnership Agreement protects your interests. Ideally you would go to a qualified business attorney and have the proper legal document drafted. But if you are putting it off because of the expense, you can get the key items on paper to protect you and your business.
It May Be Legal to Lock Your Partner Out of the Business
There are times when you legally can and should lock your partner out of the business. But, those are rare circumstances. Locking your partner out, even if your partner is showing bad behavior, open you to potential liability.
3 Signs That a Partnership Is Never Going to Work
I pay close attention to what is expressed during my private interviews before we start a mediation process. There are 3 signs a partnership will fail.
Tip for Talking with Your Business Partner
Anyone who starts a business has many hats to wear. Sales, manager, accountant? You will wear them all in a day. Be careful when you talk!
Business Partnership Problems with Someone You Were Dating
What happens with the business when people break up? Here’s the information you need to make big decisions and protect yourself.