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KEEP IT PROFESSIONAL: Breakups happen, even in business. The key is to keep everything professional, even if you’re dealing with a family member who wants to leave the business.
Have a solid buy-sell agreement in place, and separate business from personal issues.
There’s nothing pleasant about a breakup or divorce, but sometimes they happen. The same goes for breakups in farm business partnerships. They’re aren’t pleasant, but sometimes they happen.
You can’t plan for everything five or 10 years down the road, but there are things you can do to soften the blow of a partner who wants to leave the business, or the sudden death of a farm partner.