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invest money into a company and literally pull it out of bankruptcy,by busting your a$$ to make it work and then find out your business partner who you basically helped out was going on spending sprees, would you try to buy out his/hers half or sell your half and get out of it? talking to them doesn't seem to be working....
 its true that a business partnership is like a marriage
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Get out as fast as you can
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sorta sounds like the "bailout"
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invest money into a company and literally pull it out of bankruptcy,by busting your a$$ to make it work and then find out your business partner who you basically helped out was going on spending sprees, would you try to buy out his/hers half or sell your half and get out of it? talking to them doesn't seem to be working.... its true that a business partnership is like a marriage
is this a company, corp, llc??? there are a lot of things all have legal things you can do to limit spending sprees - place limits on credit cards - have checks need to be signed by both, etc. yes its just like a marriage, easy, fast and everyone loves the honeymoon stage, then when all else fails its let's divorce. 
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try to put an agreement together in that it will limit partner spending without the signature of both partners.
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invest money into a company and literally pull it out of bankruptcy,by busting your a$$ to make it work and then find out your business partner who you basically helped out was going on spending sprees, would you try to buy out his/hers half or sell your half and get out of it? talking to them doesn't seem to be working.... its true that a business partnership is like a marriage
is this a company, corp, llc??? there are a lot of things all have legal things you can do to limit spending sprees - place limits on credit cards - have checks need to be signed by both, etc. yes its just like a marriage, easy, fast and everyone loves the honeymoon stage, then when all else fails its let's divorce.
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If the talking has not helped then either buy them out or have them buy you out but make sure you get your money back that you invested first before doing either.
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try to put an agreement together in that it will limit partner spending without the signature of both partners. |
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Spear him,
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Spear him,  i'd love too
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well if you bailed him out once already
tell him if he doesn't stop bad practice then you're selling if he falls in the hole again, you won't be there to bail him out again |
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If the talking has not helped then either buy them out or have them buy you out but make sure you get your money back that you invested first before doing either.
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well if you bailed him out once already tell him if he doesn't stop bad practice then you're selling if he falls in the hole again, you won't be there to bail him out again |
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buy out his shares and TAKE OVER the company!!
either that, or RUNNNNNNNNNNNNNNNNNN far and fast!! |
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You should be just as careful choosing a business partner as you would choosing a spouse.
Sounds like you made a bad decision and there is no fix. DIVORCE is the only answer for you, my friend. Good Luck. 
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Well I think it would depend on the soundness of the business of what I would do. If the business is going good and will continue to grow and prosper I would buy his sorry ass out. If it was not I would get out as fast as I could with what ever I could.
Is business like marriage I am not sure since I don't mix business and pleasure period. I am very very black and white in business. |
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