E23:Mitch Beinhaker: Business Partnership Errors

Dr. Jean, The Results Queen® and Mitch Beinhaker discuss the importance of legal agreements for business partnerships. They share experiences with failed partnerships and emphasize having a comprehensive operating agreement that addresses potential issues like resolving disputes, roles and responsibilities, withdrawal, death, and disability. Dr. Jean & Mitch stress revisiting agreements annually and including governance reviews in strategic planning to avoid costly legal battles down the road. They also discuss challenges of transferring family businesses to the next generation and tax planning strategies for minimizing business owner taxes through non-qualified plans. Find Mitch Here: Website: https://beinhakerlaw.com/ Mitch's Website: https://mitchbeinhaker.com/ Linked In: https://www.linkedin.com/in/beinhakerlaw/  Get his book 10 Ways to Get Sued by Anyone and Everyone