Despite the area of business or the type of legal entity, a multi-owner business definitely needs to have a partnership agreement in place. Each partner comes to the business venture with different expectations and goals, and through the process of preparing the partnership agreement these aspects will come to light. In a way, business partners […]
Do Husband and Wife Businesses Still Need Partnership Agreements? Read More »
Despite being entirely equal, a 50-50 equity split can leave business partners vulnerable to deadlock. The super-minority equity division (49-49-2) is a potential work around. However, many business owners aren’t comfortable giving a 2% ownership stake in the company to someone to act as a tiebreaker. Fortunately, there is another way that many partnerships decide
Avoiding Resentment in 51-49 Partnerships Read More »
Of the various ways to divide partner equity in multi-owner businesses, the 50-50 partnership is one of the most common. In fact, many companies use the 50-50 equity division by default. And why not? It takes very little forethought and (at least on the surface) should make everyone happy. But just because it’s widely used
The Truth about 50-50 Partnership Structures Read More »
Someone once said to me, “Hope for the best, but plan for the worst.” I think this adage perfectly encapsulates my approach to business partnerships. At the beginning, everyone is excited about the potential and what the future holds. I will never want to crush that optimism, but my job is help business owners protect
How Tough Conversations Lead to Stronger Business Partnerships Read More »
