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Partnership? Congratulations on your marriage.

Our firm saw more partnership break-ups in 2008 than any other year do to the financial and real estate crash.  Anyone who says a partnership is not like a marriage has not seen a break-up and how similar it is to a divorce. There are no children, but if there were the former spouses would squabble over them just as they do with the business’ petty assets. Accordingly, a successful partnership and even a successful failure (pardon the oxymoron), requires to look at it as a marriage.  Treat your partner with open communication and allow the arguments make your business stronger.

Nasir Pasha, Esq.

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Managing attorney and co-host of podcast Legally Sound | Smart Business

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