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Signs your business partnership has run its course

On Behalf of | Sep 14, 2021 | Business & Commercial Law, On behalf of The Business Divorce Institute |

Just as romantic relationships sometimes run their course, the same holds true when it comes to New Jersey business partnerships. When the relationship between you and your business partner or partners sours, it may have a direct impact on your ability to run a successful business.

According to AllBusiness, you may find it hard to sever ties with your business partner. Maybe you had a personal relationship before your working relationship began, or maybe you feel you have a lot to lose by cutting ties with this individual. However, if you begin noticing any of the following, you may want to take it as a sign your business partnership has run its course.

Your partner is indifferent about your business

When it comes to running a business, indifference is not ideal. Often, professionals feel passionate about a business in the beginning only to have that passion fade down the line. You need someone who shares your devotion to helping your business succeed, and if it is not your partner, it may be time to find a new one.

Your partner begins keeping secrets from you

A business partnership requires a high level of trust, and once something breaks that trust, it is difficult to get it back. Even if your partner is not flat-out lying to you, omitting information may also constitute a lie and lead to serious strife between you.

You may also want to reevaluate your business partnership if you feel as if you have different morals or value systems than your partner, or if your partner has begun shirking his or her responsibilities when it comes to the business.

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