Business Partnership Advisor
Together, we can fix your business and partnership problems
Chris Reich, Business Mediator
Funny Friday: Video Conferencing
Even though I do most of my work using video conferences, I admit to experiencing every one of these issues. This video gave me a laugh and I hope it brightens your day.
The Video Meeting
As more of us are working remotely, I’m sure you will relate!
“We need a laugh sometimes. This is especially important in these very troubled times. Can you hear me?”
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.