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You should never forget that your partnership agreement is, in fact, one of the most important business documents you will ever sign.  Many people go into business with loved ones, relatives or lifelong friends only to discover (once it’s too late) that they should have had a partnership agreement.  A partnership agreement protects everyone involved and can help reduce problems that may arise.  Outlining what will happen during different potential situations and events in a legal framework can help your

No one works forever.  Regardless of how much you love your business, sooner or later you will have to step away.  Owning a business can be very demanding.  This fact can be doubly true for owner-operators of businesses.  The simple fact is that you’ll have to embrace retirement at some point. Most business owners have never sold a business before and may not know what to expect.  The good news is that prospective buyers usually like the idea of buying

Selling your business may rival starting your business as the most exhausting and stressful undertaking of your life. But with a sale can come a tidy profit, and a chance to see your business survive into the next generation. This is no small undertaking, and it requires significant planning. It’s not something you can decide to do on a whim. Indeed, exit planning should be a part of every owner’s business plan. Here’s what you need to know when you’re