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  1. #1
    Senior Member bikebuddha's Avatar
    Join Date
    Oct 2003
    Somewhere in time
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    Dissolving a business partnership must be like getting a divorce

    Because it's not fun even when you're trying to do it amicably.
    The few, the proud, the likely insane, Metro-Atlanta bicycle commuters.

  2. #2
    Bacon-wrapped Member ahsposo's Avatar
    Join Date
    Jan 2010
    In the slop
    My Bikes
    A Home Built All Rounder, Bianchi 928, Specialized Langster, Dahon Folder
    20 Post(s)
    1 Thread(s)
    Oh yes it is! And the collateral damage can be awful.

    I was a manufacturers rep and one of the businesses I called on turned out to be a 50/50 handshake deal partnership.

    It was a great little business with a lot of potential. We started growing my line of business at about 300% a year. Phenomenal! Went from about $30,000 to $1.5 million in 3 years. My quota was adjusted accordingly.

    Then the partners decided they had different visions for the future and split up. Long story short I was faced with having to start all over with the primary sales location. That partner had been silent and non-existent as far as my company and my credit managers were concerned. The partner with the dealership and credit history is now starting over in new locations that lacked a customer base it seemed.

    Total DISASTER for me.

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