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Partnership Troubles: When an LLC Goes Awry

A business partnership when it works is awesome, but a terrible headache when it does not. Jenny Lefcourt of WeddingChannel.com fame (now with Bella Pictures) said it best in my interview with her: “Finding the right business partners is just about as important as finding the right spouse!”

One of our readers sent in a question to us about a business partnership set up as LLC where members couldn’t agree — before the business even gets off the ground! There is so much discord that the LLC members are not even communicating to each other. Alas, they have created their business’ legal entity, and an LLC member resignation has implications.

Read what our expert says on this matter.