View Post

What Is So Important About An Operating Agreement?

In Break-ups & Partnership Disputes, Business Tips, Business Transactions, Departing Partner, Dispute Resolution, Dissolve a Partnership, Lawyer Succession, Litigation & Lawsuits, Partnership Dispute, Partnerships by Kristy DonahueLeave a Comment

It is one of the most important documents associated with your business yet in so many instances it is the least considered.  In fact, a frightening amount of small business owners merely downloaded a generic form and signed it when starting their business with little knowledge as to what was in the document.  The Operating Agreement for your business dictates …

View Post

When Your Business Partner Thinks He Is Funny…. But He Is Not.

In Break-ups & Partnership Disputes, Business Tips, Business Transactions, Contract Disputes, Contracts, Corporate Formation, Departing Partner, Dispute Resolution, Dissolve a Partnership, Employment Contract, Employment Law, Legal Compliance, Litigation & Lawsuits, LLC Formation, Partnership Dispute, Partnerships by Joseph TurnerLeave a Comment

Attorney Joe Turner weighs in on this complicated but serious issue. Dear Joe, I am in a Partnership with four other Physicians.  One of the Partners fancies himself a comedian.  He likes to send out joke emails to the entire staff and will often add improper comments to serious ones.  The problem, aside from being immature and distracting, is that often …

View Post

5 Tips: How to Dissolve a Partnership as Painlessly as Possible

In Break-ups & Partnership Disputes, Dissolve a Partnership, Partnership Dispute by Larry DonahueLeave a Comment

Closing (called dissolving) a business partnership can be compared to a divorce, from a cost and emotional impact to the partners. Neither party expects the relationship to degenerate into contention, but it happens more often than you might think. Whether business circumstances change, or some dispute arises between the partners, when the business partnership cannot endure, it’s time to legally …

View Post

Business Break-Ups – Important Tips to Prepare Before the Problem Arises

In Break-ups & Partnership Disputes, Dissolve a Partnership, Partnership Dispute by Don KochersbergerLeave a Comment

New business partners don’t typically think about anything going wrong down the road, however, business and personal disputes are often irreconcilable, and sometimes partners ultimately decide to break up the business. Ideally, businesses and business partners take the necessary steps to plan ahead for dissolution and alleviate much of the stress associated with typical business break-ups.