Business Partnership Advisor

Together, we can fix your business and partnership problems

Chris Reich, Business Mediator

Violence By a Business Partner Is Never OK

Chris,

My business partner lost it and threw a box at me. He missed but his anger scared me. Can we talk about some rules that can keep him from ever doing that again? 

Violence By a Business Partner Must Be Taken Seriously

This kind of call always disturbs me. Violence in the workplace must me taken seriously. If your business partner ever is violent, call 911 immediately. Yes, even if he missed. You want to document threats of or actual violence. You cannot predict if your partner’s violence will escalate to a more dangerous level in the future. Having a police report will help your case should it become necessary to remove your business partner.  

Think about the times we’ve read about a workplace shooting. Those stories often include details of prior warning signs. As a business owner, you have a responsibility to protect your employees, customers, and yourself. 

 

Violence in a Business Partnership is a Very Serious Matter

“Violence or threats of violence by a business partner must be reported.”

Chris Reich, Business Partnership Mediator

Rules Can Help But…

Rules can help and we can discuss rules for partners’ behavior, but don’t we already have rules in place? The law protects us from violent people, but the law can only protect you if you report the violence or threat. As a mediator, I take abuse very seriously and I will insist on reporting dangerous behavior.

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  “If your business partner is physically or verbally abusive, it must be dealt with. Call me if you need support and advice on how to protect yourself.” — Chris Reich

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You can get out of a business partnership if you planned ahead with a solid Partnership Agreement.

How to Escape Your Business Partnership

How do I get out of my partnership? And, it’s the biggest reason I am always ranting about having a Partnership Agreement. Without a Partnership Agreement, your options are very limited. You accept anything your partner is willing to give you, or you can dissolve the business.

Take the proper steps to protect the money you invest to start your new business partnership.

Don’t Risk the Money You Put Into Your Partnership

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.

Your partner may take money from the business whenever they wish to do so. A Partnership Agreement could protect you.

Your Business Partner Keeps Taking Money from the Bank Account

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.

Partner Kills Partner in Family Pizza Business

Terrible Tension In Family Business Partnership

In family businesses, when things break down, they really break down. The stress level is much higher than when a typical partnership has issues.

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Violence By a Business Partner Is Never OK
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Violence By a Business Partner Is Never OK
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If your business partner ever is violent, call 911 immediately. Yes, even if he missed. You want to document threats of or actual violence. You cannot predict if your partner’s violence will escalate to a more dangerous level in the future. Having a police report will help your case should it become necessary to remove your business partner.
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