partnership agreements

Horror of horrors!  You’re stuck in a business partnership with NO agreement.  You have to get out . . . or get the others out before you go postal and end up in a prison of a different sort.  What can you do? Kathleen Ryan O’Connor answers that very question in Forbes Small Business. After a […]

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Post image for Should You Do Business With Friends?

Adhere to the following 4 ground rules if you want to keep the friendship. Should you . . . or should you not . . . do business with friends? The short and obvious answer is: It depends. Whatever side of the deal you’re on–giver or receiver–here are some ground rules to consider: Only do business […]

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Post image for Basic Training: Does Divorce Litigation Affect a Business Partnership?

It’s said that more than 40 percent of all marriages in this country end in divorce.  So there’s a not-insubstantial likelihood that your business could be affected by divorce . . . even if you’re not the one divorcing.  Here’s today’s query: Q:  My partner’s ex-wife is suing him for a large amount. Can it […]

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I heard a sad story this week — a Tale of Two Business Partners.  One made clothing designs; the other supplied the money.  One was optimistic about the new awards she had won and where the business was going; the other wasn’t.  One wanted to continue to move forward; the other wanted to wait and […]

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What’s the key to making partnership agreements true living, breathing documents?  They need to strike a good balance between setting firm procedures while allowing for flexibility in the way your business grows and changes. Not an easy feat. One of the significant ways you can ensure a good working relationship with partnership agreements is to […]

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When you’re starting your business, partnership agreements can seem a tedious exercise.  Not only do they take time and careful planning, but also partnership agreements can feel like a bucket of cold water–a real reality dose on your starry-eyed beginnings. Listen in to my BlogTalkRadio interview with Wendy Hanson of The Sassy Ladies, where we cover […]

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Post image for Basic Training: You Only Get Hurt By The Ones You Love

Today’s basic training involves a sad story. A woman gave her heart to another . . . and to his business. What thanks does she get? She gets jilted, in more ways than one. Yet another reason to have a business prenup if your personal relationship sours.  Read on . . . Q.:  I was […]

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Memories are fallible.  And human beings are greedy.  What you and your business partners agreed to when you started your company could be forgotten, or misinterpreted, without a written agreement to remind you.  And that’s where problems can start.  So what should one include? Listen to my teleclass, “The Indispensable Partnership Agreement,” part of Marian […]

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Post image for Basic Training:  Bums as Business Partners

Q: I have an S Corp that includes myself and my partner, 50/50 ownership. I put in all the capital and do 90 percent of the work. I cannot get my partner to leave the business. What do I do? A: Whether, and how, you can “kick the bum out” depends on whether you have a […]

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Business partnerships are easy to begin, tough to maintain. (Equally tough is finding a webcam freeze frame that doesn’t make me look downright goofy). In this video, I’m interviewed by Phil Simon, technology expert, management consultant, and author of the recently-released The Age of the Platform (his 4th book). We cover a range of business partnership issues including: What prompted me […]

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