by R. Shawn McBride | Oct 17, 2017 | Business Management, Partnerships
Conflicts are going to happen, even in the most successful partnerships. As a partnership develops, some of the biggest struggles can be finding solutions to these conflicts. One of the reasons people shy away from partnerships is the possibility of disagreement. How...
by R. Shawn McBride | Oct 5, 2017 | Business Management, Disagreement, Multiple Owners, Partnerships
Partnership agreements are rarely as simple as people think they are. I spent a lot of time working on partnership agreements. What I find interesting is a lot of people think partnership agreements are simple. Give me a standard partnership agreement. We’re...
by R. Shawn McBride | Sep 27, 2017 | Business Management, Partnerships
How do you know if you should be engaging in a partnership? How do you determine if what you are doing makes sense? Discussions about partnerships can take a lot of time, and a partnership agreement means a large commitment of time, money, and energy. Indeed, it can...
by R. Shawn McBride | Sep 26, 2017 | Business Management, Partnerships
I was recently given the interesting analogy that partnerships are like icebergs. You can see what is above, but what really matters is below the surface, because in an iceberg, there is a lot more ice below than above. In a partnership, there is a lot more below the...
by R. Shawn McBride | Sep 18, 2017 | Business Management, Multiple Owners, Partnerships
We do a lot of work crafting partnership agreements. If you’ve been a frequent reader of our blogs, you’ll know it’s something we talk about often in length. But one of the keys to partnership agreements is to have an exit strategy. So often, when we...
by Staff of the Firm | Sep 11, 2017 | Business Management, Disagreement, Multiple Owners, Partnerships
In Cline v. Grelock, [1] the business partners were two-lifetime friends who started a towing business called American Asset Recovery, LLC (“AAR”) d/b/a Hound Dog Recovery. To start the business, Grelock and Cline personally guaranteed a bank loan for AAR to buy a...
