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    Your first mistake is not having a formal agreement written on black and white. Even a business set up together will relatives should have its own formal agreement. It does not mean that you do not trust each other, this is simply to prevent any future mischief. You are certainly in quite a bit of a situation, you may not want to go straight to your lawyers. You should try to talk to him nicely and work out a solution that is beneficial for both of you. Of course, both party should compromise. If this fails, I guess you would need to lawyer up and bring this to court.


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    Damn, always and I mean always get legal agreements, I don't care how well you know someone and how close you are ; you need legally binding contracts to know exactly where you stand if something does happen and it probably will because running a business will be stressful, I think your best bet is to speak to a lawyer and see what you can do with what you have and take it from there.


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    You can also establish your business with the the help of business consulting firm that suggest you startup idea which provide you better business solution.


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    Hello friends,
    You are entitled to receive profits. In a contract of partnership, the partners agree to contribute cash, property, and/or services to a common fund with the intention of distributing the profits among themselves.


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    the partnership term as stated in the formal partnership agreement has expired.
    one partner gives written notice to the other partner to exit the partnership.
    one or both partners can no longer legally own a business.
    there is a court order.
    there is a death of one of the partners


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    Ask for a raise.
    Get a new job.
    Run errands or do odd jobs for people.
    4. Make extra money on the go. ...
    Use your skills to make $5 at a time.
    Customer service.


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    Sign a dissolution agreement. ...
    Dissolve the partnership formally. ...
    Cancel credit cards. ...
    Pay off debts. ...
    Get paid. ...
    Take back your property. ...
    File state forms. ...
    Meet with an accountant.


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    Section 2 Ending the Business Partnership

    Consent to a disintegration arrangement.
    Disintegrate the association formally.
    Drop charge cards.
    Pay off obligations.
    Get paid.
    Reclaim your property.
    Document state frames.
    Meet with a bookkeeper.


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    Breakups are tough. And nowhere are they tougher than with business partnerships. It's like a divorce with additional complications. And most of those are financial. You may not be able to salvage the personal relationship, but you can save yourself some money and hassle as you end your business partnership.


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    he term of the association has lapsed.
    one accomplice has pulled out to alternate partner
    the association is presently illicit for instance, one accomplice can never again legitimately claim a business.
    there is a court request.
    there is a demise of an accomplice or the business has gone bankrupt.


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