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Forum nameThe Daily Grind
Topic subjectLeaving 50-50 Partnership. What do I whatch out for?
Topic URLhttps://www.businessownersideacafe.com/forums/dcboard.php?az=show_topic&forum=109&topic_id=117&mesg_id=117
117, Leaving 50-50 Partnership. What do I whatch out for?
Posted by activeamerican, Thu Aug-30-07 05:10 AM
I am leaving my business after 10 years in business. My business partner and I have completely different ideas on how to run this. I have always handled sales and marketing while he handled the finance. we have a culture in our company where I leave him alone and he leaves me alone. Recently I did his job while he was on vacation and found that we are in serious debt. I don't believe that this company can move forward with the two of us working together. I told him that I am leaving but would stay for 4 months to help him find a salesman. What should I be aware of before I leave? I know that I have to get my name off of the line of credit and the equiptment leases. Any suggestions?