Business

Before starting a partnership, every founder needs to face the uncomfortable question: What happens to the company when a partner leaves? A clear “buy-out” provision in the partnership agreement, designed to preemptively structure a partner’s exit, secures the company’s financial future and stability. This proactive step ensures that, regardless of the reason — a voluntary […]

When two equal partners pool their resources to run an enterprise together, they rarely anticipate any unsolvable disagreements between them. An intractable disagreement over a business issue is usually referred to as a “deadlock.” The topic of deadlock resolution is often underestimated and overlooked by business owners until they encounter it during their business operations. […]