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[Music] foreign [Music] Al video on how to remove a partner from a Business Partnership this process can be complex and nuanced making it crucial to fully understand the steps involved before we begin please give this video a thumbs up subscribe to our Channel and hit the notification Bell so you can stay updated about business topics that can save you time and money lets start with some statistics ing to a 2022 study 20 of business Partnerships end within the first 12 months and 50 percent dont last more than five years you might not anticipate a partnership dissolution when starting a business but its a reality for many thats why its essential to plan for these eventualities to safeguard your business and minimize potential friction the first step in removing a partner from a partnership is to refer to your partnership agreement this document usually outlines the procedure for removing a partner ing to a 2023 survey only 72 of business Partnerships had a legally documented partn
