The Partnership Charter

Whether you’re forming a new business or you’ve been in business for many years and are facing a transition, it’s the right time to use The Partnership Charter process to gain more profound clarity about where you’re headed as partners. Addressing these issues before you launch your partnership will also help you enjoy life in the business.

If you plan to sell your business to your Management Team (MBO), they will become business partners. Will they succeed as co-owners? The Partnership Charter can help mitigate the inherent risk in that transaction.

The benefits of considering a Partnership Charter:

• Acts as a guide for the principals.

• Builds trust in one another.

• Minimizes ambiguity and the chances for disputes.

• improves the chances of long-term success.

The following issues are addressed in the process:

• Vision & Direction

• Personal Values

• Expectations

• Governance

• Conflict Handling Styles

• Personal Styles

• Ownership

• Scenario Planning

• Fairness

• Contributions & Rewards

• Roles & Authority

• Money

• Managing Disagreements

ENNIS Legacy Partners is licensed to provide The Partnership Charter services.

Fee estimate provided upon request