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.
You and your partners have the idea, product and resources to finally start the business you always wanted. This is a very exciting time for all of you and there is a lot to do. You have operating agreements, ownership agreements and a lot of details to finalize.
Entering into a business venture is an exciting experience. All owners have contributed to the well-being of the business in one way or another and have varying roles in the organization after it is formed. Some owners might be hands-on and work as an employee of the business while others play a more silent role. There may come to a …
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