| Are you thinking of ending your business | | | | Your partner should at least have a right to reply, |
| partnership? Are you unsure as to how to go | | | | face to face and there is even the possibility that |
| about ending a business partnership? It is never | | | | you may be able to iron out your differences at |
| easy to break up a partnership whether it is | | | | this meeting. |
| within a personal or business relationship. In this | | | | Before attending such a meeting you should fully |
| article I will be writing about the best ways to | | | | prepare all of the finances and how such a break |
| formally end a partnership agreement. | | | | up should proceed. Your partner is likely to want |
| So you have decided that you want out, it is time | | | | to gain more than your initial offer mainly due to |
| that you ended the business relationship with your | | | | the anger factor that they are likely to feel. Your |
| partner and to go it alone. You are slightly unsure | | | | initial offer should therefore be quite a way higher |
| about how to proceed as you do not want to | | | | (in your favour) than what in reality you would be |
| upset anyone. | | | | willing to accept. |
| The best thing to do in this situation is to plan | | | | Any agreement should be signed and sealed within |
| exactly what you are going to say to your | | | | a legal document. It would be nice to believe that |
| business partner. I would suggest a meeting to | | | | a shake of hands would be sufficient however |
| explain the full reasons as to why you feel the | | | | business is business. |
| end to break up the partnership. Ending this type | | | | Ending a business partnership is a messy, stressful |
| of relationship via e-mail or text is just | | | | ordeal therefore you need to be one hundred |
| unprofessional and is basically out of order. | | | | percent sure before you propose such an action. |