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The Partnership charter

The Partnership Charter by David Gage Millions of people co-own closely held companies, family businesses, and business partnerships, but establishing them and keeping them together is never easy. Here, finally, is the guide they have been waiting for.... Read More

Blog 

 
Blog posts published by Associates of BMC cover a variety of topics. Click here for a list of all our postings.

 

  • Partners and Equity: Introducing a Comprehensive Method for Discussing the Division of Ownership

    Posting by Ed Kopf, Ph.D., Principal at BMC Associates

    “Can you help us agree on our equity split? We’ve hit a brick wall trying to work that out.” As a mediator and consultant serving business partners and family business owners, this is a question – almost a plea – that I often hear. Entrepreneurs (fully confident in their business abilities and vision as they start a new venture or revamp an existing one) are suddenly caught up short when they have to negotiate with each other over ownership.

  • Business Partners & Fiduciary Obligations

    Posting by Stewart Christ, MBA, Principal at BMC Associates

    Not surprisingly, money lies at the heart of many of the business partner conflicts that arrive on BMC Associates’ doorstep. Some of those conflicts are simply about who deserves how much of the profits. Others are more complicated and relate to the fiduciary obligations of the partners. Many partners are unaware of their fiduciary obligations.

  • Why Mediation in Business Works

    Solving the Partner Puzzle: Mediators Find the Pieces
    by David Gage, Ph.D.

    So many of us only get part of the picture. Certainly, that’s how it is in most of my life. That may be why I enjoy mediating so much. Business mediators tend to get all of the parts of the puzzle. They hear everything!

    People with partners usually call us because there are misunderstandings, bad feelings, and differences they haven’t been able to resolve.

  • Asking the Key Questions Before the Merger

    Posting by Amy Pengidore and Ed Kopf, Ph.D.

    It looks good on paper. Potential problems have been considered and addressed. The financial aspects are agreed upon. What could go wrong?

    The Washington Business Journal recently published an article recounting the difficulty two small business owners – Jeremy Farber, owner of PC Recycler, and Elizabeth Wilmot, owner of Turtle Wings – encountered when they tried to merge their companies (Washington Business Journal, 2/3/12 – “Chantilly electronics recycler PC Recycler breaks down its breakup with one-time partner, talks future growth”).

  • Squabbling Heirs and How They Got Their Groove Back: Part 2

    Posting by Ed Kopf, Ph.D., Principal at BMC Associates

    Many families find that multi-generational wealth is a two-edged sword. It presents great opportunities for enriching the lives of those who create the wealth and for their descendants. But it can also become a source of dissatisfaction and dissension. A previous post presented Part One of this short story of one (fictionalized) family.

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