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Signs you need to leave a business partnership

On Behalf of | Sep 15, 2022 | Business Litigation

Running a business can be difficult on your own. However, running it with a partner can also bring with it unique challenges.

This can be especially true if you are unsure whether or not your partnership is working for you. Here are some things to keep in mind if you think it is time to move on from a business partnership.

You are no longer on the same page

One primary sign that it is time to end a partnership is that you are no longer on the same page about what direction you want the business to go in. While these kinds of differences can arise for many different reasons, if you are not seeing eye-to-eye on what your next steps should be, then it may be time to move on.

Partners are not meeting expectations

Another reason to move on from a partnership is that the partner is not meeting your basic expectations. While expectations can change, that does not mean that your partner is exempt from meeting any expectations. When you entered the partnership, there were very likely some basic expectations. If these are not met, and your partner does not have any intention of meeting them, then it may be time for you to seek your exit from this partnership.

Many often enter business partnerships with the best of intentions. However, a variety of circumstances can cause things to change or make the partnership untenable. By knowing when to leave you can help protect yourself as well as your stake in the business.