Closing a business partnership is a significant step that requires careful planning and execution. It is not as simple as ceasing operations and walking away. Here are four crucial considerations you need to know when dissolving your business partnership: 1. Review...
Partnership Disputes
What are some common sources of strain among business partners?
Entering an arrangement with one or more business partners can be an exciting endeavor that may lead to new avenues of opportunity and success. However, there may also be a certain level of risk involved, and you and your business partners might not always fully agree...
Has the time come to dissolve your business partnership?
Having worked with your business partner -- possibly for several years, the fact that the partnership no longer seems to benefit the company can be difficult to accept. Perhaps your business partner has become lax in his or her duties, or maybe you and your partner...
Business partners can take cues from married couples to prevent disagreements
An ounce of prevention, they say, is worth a pound of cure. That’s true in heading off marital strife and it’s true in preventing partnership disputes. Perhaps, not surprisingly, the two have many similarities. In many ways a business partnership is like a marriage....