Dissolving Your Business Partnership

 Deciding to go into business with someone has just as many implications as marrying someone but in a different way. Breaking up a partnership can be very emotional and trying. There are some ways to try to ease the break. In this article from the Huffington Post, check out fifteen tips to alleviate some of the stress from breaking up with your business partner.

A. Go Back to the Contract

If you had the foresight to create one, consult the partnership agreement or other business documents that detail the structure of the business and how disagreements or severance is handled. While these contracts typically do not cover ever conceivable scenario they can serve as an impartial reference for negotiations.
– Kelly Azevedo, She’s Got Systems

A. Be Kind and Generous?

Recognize that if a business partnership does not end amicably, it can cause tens of thousands of dollars in legal bills and years of your time and energy to resolve through litigation. Therefore, when in doubt, error on the side of being generous and kind rather than risk litigation by being greedy or spiteful when ending a business relationship.
– Doug Bend, Bend Law Group, PC

Read more at: http://huff.to/1KKTUsP