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The Partnership Charter: A Tool for Planning and Prevention 

 
Click for a comprehensive list of articles, discussions, and interviews by BMC Associates regarding The Partnership Charter: A Tool for Planning and Prevention or scroll through the list to find an article of interest.

 

  • Business Partners Need Mediation – Before They Know It
    NC Bar Dispute Resolution Section
    John Sarratt
    November 21, 2014
    The media is littered with stories of business partner and family business disasters. "If it bleeds, it leads," as they say. Despite these unfortunate stories, thousands of entrepreneurs join forces every year, often against the advice of their trusted advisers, family, and friends, who’ve seen many partnerships end badly.
  • Clearing the ‘Heir': Defuse Conflicts Before the Handoff!
    Textile Rental
    David Gage
    June 2011
    The future value of many successful businesses rests on next-generation partners having not only solid business skills, but also the ability to work as a team and avoid destructive conflicts. Including multiple successors in a business-transfer plan can help ensure success. However, it also can create risks that aren’t present when assets are transferred to one heir alone. Partners must cooperate or the transfer ultimately will fail. This article describes a structured, collaborative process, called a Partnership Charter, for minimizing risks, improving the odds of success, and preventing future partner wars long before they start.
  • Improving the Partnership Relationship
    The Lawyers Weekly
    Jay Brecher
    October 31, 2008
    BMC's David Gage is interviewed about the use of the Partnership Charter in lawyers' professional partnerships. While law students are taught all of the key substantive legal principles in every area of practice, little to no time is spent on how to work effectively within the partnership structure, nor has there been much written on the subject. The Charter Process can fill this void for many attorneys and many firms.
  • Want a Business Partner for Life? Get a Prenuptial
    Washington Business Journal
    Jennifer Nycz-Conner
    May 14, 2007
    This article explores the risks that face new and potential business partners as they create their critical partnership relationship. Jennifer Nycz-Conner focuses on the Partnership Charter as a tool for getting off on the right foot — using the image of a pre-nuptial agreement "both for business people already in a marriage of financial sheets and those considering one." Ed Kopf provides insight into the substance and logistics of developing a charter with BMC.
  • Avoiding Pitfalls When Partnering with a Friend
    StartupJournal
    Kelly Spors
    April 6, 2006
    Business partnerships are more like marriages than most people realize going into them, and they frequently end in bitter divorce. But it's especially heartbreaking when a friendship is lost along the way. Prospective partners need to acknowledge that conflicts will arise in a business relationship and they should set guidelines for how to deal with every kind of potential unsavory scenario.
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