The Partner Trap ™ – Business Partnership Legal Advice

For over 20 years, Sheryl Hunter has advised hundreds of business owners through all stages of growing a business enterprise. From business formation, to raising capital, to making the right exit, Sheryl and her team of attorneys and advisors serve as outside General Counsel to over 150 businesses.

In The Partner Trap, Sheryl Hunter uses her experience as an outside General Counsel for businesses to explain how a business partnership is like a marriage. Since a business partnership is like a marriage, a business divorce can be just as devastating, emotionally and financially. The breakdown of a relationship between co-owners can cripple any company. Employees, vendors, and customers are typically pulled into the eye of the storm, causing widespread damage. When the co-owners are family members, a fallout is even worse.

Let’s Talk Candidly

Rarely are the challenges of owning a business with one or more other people talked about candidly, leading far too many people to walk down the aisle and say “I do” to a business marriage without adequate thought and planning.

Here are some questions you should ask yourself before you say “I Do”:

• Why do you want a partner?
• How do you select the right partner?
• What needs to be in a written agreement with your partner?
• What happens if you end up in “The Partner Trap” and need to get out?

There are good reasons and bad reasons for wanting a business partner, and there are correct ways to find a compatible partner. All of these questions and more are answered in The Partner Trap, which is based on Sheryl Hunter’s experience helping devastated clients through business divorces.

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