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”
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.
Many people are trying to work out new arrangements with their business partner but find themselves in bad place on the calendar. Despite both parties agreeing to a change, it could take months to worth out the terms. Don’t worry.
This might surprise you. Compensation does not have to be equal in a 50-50 partnership. You can, in fact, do anything you want as long as it’s agreeable with your partner or partners. Read on!
When business partnerships go bad, very often someone wants out. That starts one of two possible processes. The business enters Wind Down and begins the process of closing or the partners start discussing a Buyout.