The Partnership Charter is a unique, structured process for partners or prospective partners that helps them address crucial topics. The process helps family members, or non-family partners, talk about seldom discussed and sensitive interpersonal issues.

It ensures they don’t skip over sensitive issues like power, personal values and personalities. It also creates clarity about business aspects of the “deal,” including money, visions, governance and control. The product of the process is a comprehensive Partnership Charter document that commits to paper the partners’ understandings and agreements in 12 vital areas.

If you are forming or transitioning a partnership, or wishing to strengthen an existing one, a Partnership Charter can make all the difference.

The professionals at 4West Advisors have trained at The Partnership Charter Institute and understand how to guide new or existing partners through the complete range of critical topics, including:
 

Trust and fairness.

These are the foundations of all partnerships. Sensitive and specialized help is critical to help build them, or if needed, rebuild them.

Personalities.

Partners’ different personalities can add to the range of capabilities in their business. But they can also rub each other the wrong way. Learning how to deal with interpersonal triggers can save the day — every day.

Values and vision.

Good will and consideration can only go so far. A partnership can still fail if the owners have divergent visions or values. It’s vital to align them.