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Harrisonburg, VA commercial property for sale or lease in the Shenandoah Valley of Virginia, even!
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Staunton/ Waynesboro Augusta County Virginia Swimming Pools Constructed
Christmas tree retail sales at Hickory Hill Pines, Fishersville, VA, USA
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| Considering starting a partnership? Already in
a business partnership? Consider what happened to this once successful
business growing outstanding quality landscape plants. The
result is that one partner has lost his business after 28 years of working
hard to build it up. This business had been run on a basis of trust
between two relatives. Don't assume that "loving parent" that
sweet talked you into devoting your life to the family business has
any real concern for your future, nor sees any obligation whatsoever to
see the business pass on to the next generation, or will even to let you
buy the business in order to keep it going.
If you are in a partnership,
DON'T START A PARTNERSHIP! Don't let this happen to you. I'm posting this in hopes that just one person sees this in time to see themselves and prevent a similar situation. Had I thrown the towel in and started a new business myself 10 years ago, I might have something to show for it by now... Instead I'm just now starting over. If you don't have written ownership spelled out, then you don't really have anything. Fortunately, part of the business is on my land, so at least I still own that.. Ned |
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