It feels like a sharp punch to the stomach—a physical reaction to the sudden realization that a longtime business partner’s actions have put the business at risk. This is not a disagreement over differing approaches to business issues. It is a full-blown crisis threatening the company’s continued existence. In these situations, the best option is to secure a prompt business divorce that removes the dysfunctional partner from the company.  But, is that possible, and it not, do other options exist to address the disastrous partner situation?
Continue Reading Disastrous Partners: The Problem of Highly Dysfunctional Business Partners Part 1: Majority Owner Strategies In Dealing With Difficult Minority Investors