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
Game Theory is a very useful tool in business negotiations. In this post, I’ll give a broad overview on how Game Theory can help you negotiate your best deal with your business partner.
I get calls from frustrated business partners all the time. Often, the level of tension is so high, that one partner will move the banking, hide the books, take out a lump sum of cash, close out all social media, or some other drastic measure before properly closing out the partnership. This post explains when it is legal to take action in a partnership when a partner is disruptive.
Partners in a business partnership, other than limited partners, have legal obligations to the partnership that are called the Fiduciary Partnership Duties. In this post, we’ll look at these duties and, hopefully, clarify what they mean.