Discerning Advocacy. Clear Insight.

3 signs you may need to end a business partnership

On Behalf of | Mar 14, 2023 | Partnerships & Corporations

There are many reasons to start a business partnership; many people split the responsibilities and finances of a business; others find that their partner has a set of skills that gives a business an advantage over others. 

If you’re in a business partnership, but your relationship with them seems to be struggling, then you may need to look closer at their character. You may be able to notice a few signs that’ll make you want to reconsider your relationship with your business partner:

1. Your partner doesn’t accept responsibility

Everyone makes mistakes, especially business owners running establishments. In a business partnership, you and your partner may share the blame when there’s an issue. However, if your partner always twists the fault on you, then you may need to reconsider their role in your business.

2. No one wants to work with your partner

It’s common for partners to share the responsibility of working with clients. Have you noticed that many of your clients only want to work with you, however? If so, then there may be a good reason for it. It could be, for example, that clients don’t find your partner honest or reliable. 

3. They create lots of conflicts

Communication is key in any relationship, especially in a business partnership. If you can’t communicate with your partner, then things likely aren’t getting done how they should. Worse, however, if your partner creates a lot of conflict at your business, then you may be spending more time fighting with them than focusing on your establishment. 

Is it time to split ways with your business partner? Then you may need to be aware of your legal options when re-establishing the relationship you have with your business partner.