Business Partnership Advisor
Together, we can fix your business and partnership problems
Chris Reich, Business Luminary
Coronavirus, the Economy, and Your Business Partnership
Is Your Business Going to Be Ready When This Passes?
Don’t Let the Corona Virus or Partnership Problems Destroy Your Business
Before we found ourselves in this terrible mess, many businesses had partnership issues. If your partnership has problems, now is the time to deal with those things that cause tension.
I’m discounting my fees to help you during this time of uncertainty. And, I’m having live web conferences for small business owners to share their ideas. Hanging out with other people who understand the struggles is a great way to relieve the stress.
I know that this will not last forever and that we’ll all come out from our bunkers and go back to work in the near future. The businesses that are well prepared to resume trade will be very successful. Those entrepreneurs who spend this time worrying about tomorrow won’t be ready when it’s time to reopen for business.
What Can You Do Now While Your Business Is Closed Because of Corona Virus??
- If your partnership is having trouble, fix it now
- Work on your business’ SEO position
- Refine your advertising
- Update your website
- Write Blog posts (VERY important for SEO)
- Bring your books up to date
- Create a business plan for this year and next
- Talk with and support of business owners
I believe that the US and Canada will start to go back to work by mid-May. Will you be ready?
“Don’t waste this time. We are going to make it through this. When it’s time to go back to work, will your business be ready? You have an opportunity to start fresh. Take it!”
Somebody puts up money with someone who agrees to contribute labor as their contribution to an equal Partnership. Once things are set up, and a lot of money is spent, the other Partner fails to perform, and the troubles begin. I get 2-3 calls like this every week.
Partners take advantage of partners every day and they get away with it. It is the most painful call I get. It sounds like this, “I put all the money I had into starting our business. My partner had bad credit and no money, but he promised to do all the work to get the business going.
While it seems like it should be very easy to get out of an LLC, it can be complicated. Even if the business is very small, there are considerations beyond getting your money back. In this post, I’ll try to hit the important points of getting out of an LLC Partnership. These same items apply if you want to remove a member from your LLC too.