Most business partners start their venture with the intent to own a property or operate a business until selling it for a large profit. Hopes are high and intentions are real. As in any relationship, there could be bumps in the road.
Just as couples getting married should ideally agree about kids, money, religion and other major topics before they marry, business partners need to do the same. Governing documents often address many of the important issues a business might face. But even well-drafted governing documents often relegate one key topic to boilerplate language: how to remove a manager of the business when the partners disagree on how it is being run.
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