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  #11  
Old 09-29-2012, 02:38 PM
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jrs.landscaping jrs.landscaping is offline
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My father went through the same thing. We were working 70+ hours a week while the partner worked 2 hours a day. He ended up buying out the other half, but they had no partnership documentation and all contracts were in my fathers name. Listen to the other guys and don't make the same mistake he did, if contracts, assets and debts are in your name show your "partner" to the door. If your company is a partnership, I would ask your lawyer/accountant on what your next move should be, but I'm pretty sure they'll tell you to buy him out and move on.
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  #12  
Old 09-29-2012, 02:48 PM
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Patriot Services Patriot Services is offline
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Quote:
Originally Posted by larryinalabama View Post
I never have understood the partner thing. All you can do is offer to buy him out, or split the business in half if you dont have the funds to buy him out. I would try to keep everything "cool" so you dont destroy your business, if you are friends its quite possible you wont be if you part ways.

Talk to your partner over a cup of coffee or a beer, <just a couple> and see if you can resolve the mess without much information getting out to your customers. Your partner probably wants out anyway.

Get SOLO and stay SOLO.
Get solo. Then get an employee. Don't look back.
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  #13  
Old 09-29-2012, 09:21 PM
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spitfire3416 spitfire3416 is offline
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Join Date: May 2011
Location: Central Jersey
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First of all, why do you have a partner with 29 accounts let alone starting with 13? If your just starting out I wouldn't even consider bringing someone on as some major role until you have more than you can handle. And when I say more than you can handle, I mean working 60-7- hours a week with a truck full of workers. Partnerships can really only work if there is A LOT of work involved.

Honestly this guy sounds like a prick. If you have no formal contract with him I would just split things up accordingly. If you want out and start fresh, take what ever you own. If everything is partially owned between you just take a buyout, like a depreciated percentage of what you put into it. The business is young and I really don't think this guy is just gonna up and leave because you want him out. What do you own that really gives you ownership to it? Just take what you own, get some money from him for what you don't own out right, and leave. Unless you own more than 50% of the business, then you can just kick him out. What evers easiest.
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  #14  
Old 09-29-2012, 09:28 PM
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JB1 JB1 is online now
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Location: From the hills of beautiful Southern Indiana
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thank you, i really enjoy reading stories like this, especially with nothing on tv.
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  #15  
Old 09-30-2012, 01:52 AM
zak406 zak406 is offline
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Location: irwin pa
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Sounds like you two are just cutting grass on the side take everything and get rid of his dead weight ass. He won't have the cash to take you to court from the sounds of it
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  #16  
Old 09-30-2012, 05:25 AM
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easy-lift guy easy-lift guy is offline
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Your partner is a Slacker and resents you taking responsibility for maintaing the accounts you established to a greater standard than he will ever know. Get out of this partnership ASAP and move forward.
easy-lift guy
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  #17  
Old 09-30-2012, 05:36 AM
Weekend cut easymoney Weekend cut easymoney is online now
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Location: Texas-The Hilly part
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Ditto above...drop the zero and get to work...sorry, it just is not working out
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  #18  
Old 09-30-2012, 07:21 AM
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JLSLLC JLSLLC is offline
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Location: Audubon NJ
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I agree to drop him as well, He will only cause you more problems next season....
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  #19  
Old 09-30-2012, 09:04 AM
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chipk1 chipk1 is offline
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I dumped my partner and went solo after 6 weeks! I should have listened to my wife in the first place. LOL! Same reason. I did all the work. I had the knowledge of the business and he supposedly had knowledge in the business management end. To him, everything was more important than the business and at 6 weeks and absolutely no bookeeping system. I dumped him. Partnerships rarely work.
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  #20  
Old 09-30-2012, 11:45 AM
zak406 zak406 is offline
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Originally Posted by chipk1 View Post
I dumped my partner and went solo after 6 weeks! I should have listened to my wife in the first place. LOL! Same reason. I did all the work. I had the knowledge of the business and he supposedly had knowledge in the business management end. To him, everything was more important than the business and at 6 weeks and absolutely no bookeeping system. I dumped him. Partnerships rarely work.
don't you just hate when your wife is right and you are wrong
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