BLOGS

Alternatives to Breaking Up Unlike the prior two articles in this series which talk about how to identify when it is time to break up with your business partner and how to break up without destroying the business, this article will talk about the alternatives to breaking-up that exist.While this article refers to “partners” and “partnerships”, these are umbrella terms being used so that we do not have refer to all the various entity types repeatedly; the recommendations in this article can be applied to all of various entity types ...

This is a continuation of a prior article by Navigant Law Group discussing discuss how to break up with your business partner without destroying the business. That article can be found at: How to break up with your business partner without destroying the business part II. As we discussed, while most businesses are started with the best intentions, not all businesses or business relationships work out. According to the various available statistics, between 50% and 70% of business partnerships do not last for a variety of different reasons. ...

Most businesses are started with the best intentions and tons of optimism. Sadly, not all businesses or business relationships work out. According to the various available statistics, between 50% and 70% of business partnerships fail. Several reasons exist why a business may need to break-up, ranging from retirement to mental incapacitation to fraud, or just a general inability of the owners to continue to run the business together.Emotions run high when a business partnership fails and former lifelong friends can become bitter adversaries....

Is it time for you and your business partner to break -up? No one ever really wants to end a relationship, especially not when it is connected to a money-making business. However, not all businesses succeed and not all business relationships last forever. The hardest part is knowing when it is time to end things and then doing so in a way that causes the least amount of harm (to yourself, the business, and to others).Often prior to breaking up, a business will retain the services of a disinterested third party (such as a business attorney o...

On May 13, 2021, the CDC released new recommendations for fully vaccinated people, but does that mean you no longer need to require your employees wear masks at work?Not so fast.According to the CDC data tracker, about 59% American adults have received at least one shot, while 46% are considered fully vaccinated.  The new guidelines announced by Dr. Rochelle Walensky, director of the Centers for Disease Control and Prevention, represent a major step toward a return to pre-pandemic times. "Anyone who is fully vaccinated can participate ...