When Your Partner Won’t Share the Loan

Nina L. Kaufman, Esq.

Nina L. Kaufman, Esq.

Nina L. Kaufman, Esq., owner of Ask The Business Lawyer, is an award-winning business attorney, speaker, and Entrepreneur Magazine online contributor. She saves consulting and professional services companies time, money, and aggravation by serving as their outsourced legal counsel.

Posted on August 15, 2016 in Business Partners, Money & Finance

Yet another handy Q&A from Forbes Small Business, and this one featuring my colleague, Marian Banker.  🙂  What do you do when your company has expansion plans, but one of the partners refuses to co-sign a loan for the necessary funds?

Other than a long, hard discussion with your partner about being aligned on goals, the article suggests revisiting your respective ownership stakes in the company.  After all, if you were 50-50 and you’re now taking on an additional substantial burden, that should be acknowledged.

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