Business Partnership Advisor
Together, we can fix your business and partnership problems
Chris Reich, Business Luminary
Did Your Partner Take You Off the Bank Account?
Here is a very important tip on business banking in a business partnership.
If you need help with your business partnership, give me a call. (530) 467-5690 or complete the short form below.
“Be sure to read my other posts on business partnership issues. I’m here to help. Chris Reich”
Let’s look at how to plan for the next generation of your family to run your business. It’s never too early to make a succession plan and the earlier you start, the more options you have.
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.
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.