Originally Posted by KRL

Since there seems to be some disagreements on partnering, the best thing to do is to be sure you execute an extremely comprehensive and protective partnership agreement, or operating agreement if an LLC, etc.

Make sure you have lots of legal outs and escape clauses if things go bad.

Pretty much you have to look at your partner deals like hedging your stock investments, have stop-loss positions in place ahead of time. The minute things start to go south with your partners initiate the backup plans to get out and limit your losses.

Too many partners make the situation worse by each trying to take control when things go bad. All that will get you is legal bills up your ass. Let go of the mess and get the fuck out, try and get some cash for your shares, even if its a little, let the bad partner think he's won, and get on to your next venture.

The worse thing you can do in business is get tied up in years of litigation. Not only is it obscenely expensive, its physically and mentally draining and will cause you nothing but misery and aggravation.

Bite the bullit, take your loss, and move on. The faster you get done with a bad deal, the better off you'll be.