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How to Plan for Every ‘What If’ in a Business Partnership
Manage episode 492137169 series 3645880
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Every partnership ends, so plan for that from day one. Attorney Michael Zalay shares legal steps to ensure your restaurant survives breakups, buyouts, and the unexpected.
Takeaways:
- Include exit plans in your operating and partnership agreements.
- Define next steps in case of death, departure, or disputes.
- Limit investor risk by planning for “key person” changes.
Want to connect directly with industry thought leaders like today’s guest? MAJC has built a community of hospitality professionals, where insights and tools help drive sustainable, profitable businesses. To get early access to the MAJC community, sign up at www.MAJC.ai.
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