How to handle Unequal partnerships- Partners Issues

I had a question from some clients in Florida who are buying a business. 

They want to form a partnership or corporation and each person is bringing different skills and amounts of money to the table.

How do you manage unequal partners who want to buy a business together?

I’ve run into these issues in my own deals and while helping others in the past. 

It takes a combination of understanding what ‘hats’ you’re wearing at different times as well as clearly identifying and accounting for the types of ‘equity’ each partner may be bringing to the table.

Watch as I discuss some of the solutions to these issues and the way we can think about them.  Your input is welcome.  Leave comments on the YouTube page.

Watch the video: https://youtu.be/nvzVuT8pRpU

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Partnership and Shareholder Agreements

People know that relationships can come to an end.

You need to protect yourself.

Getting the right paperwork in place when you start a business partnership doesn’t have to be hard and it can help avoid some pretty awful headaches down the road.

I’ve been getting a lot of work lately helping people navigate their way out of a partnership.  I made this video to explain one of the most critical tools you want to have available if you get into business with someone else.  Watch it here: https://youtu.be/WvLFlct227o

Learn how to buy a business at www.BusinessBuyerAdvantage.com where you can access tons of information and enroll in my online course.

In fact, I often roll my eyes like a snooty teenage girl at people who claim to want to buy a business who seem unwilling to invest a few hours into learning how to do it correctly.  I mean, come on; like seriously?  (The course works out to about $20/hr. and comes with a 30 day money-back guarantee!)  You can see how my whole buyer system works in this video from three weeks ago: https://youtu.be/ooixMSaFf6Y

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