January 01, 2015

Business Divorce: Typical Fact Patterns

Stephen H. Knee

From Business Divorce: Understanding Its Dynamics and Formulating Solutions, Chapter 1

Two individuals form a business. One has expertise in the normal back-office functions; the other is a great salesperson. Over the years, one of the individuals begins to feel that she is contributing much more to the business than the other individual and that it is unfair, because both are drawing the same salary and are 50–50 owners. The resentment results in the individuals barely communicating with each other and adversely affects the performance of the business. The decision-making process becomes deadlocked—the resentment builds until there is an event that pushes the first individual over the cliff. The battle has begun.

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