Business Partnership Advisor
Together, we can fix your business and partnership problems
Chris Reich, Business Mediator
Violence By a Business Partner Is Never OK
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 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.
“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
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.