Sharing a business venture with a partner is often a thrilling journey filled with shared aspirations and collaborative efforts. However, as businesses evolve and circumstances change, there may come a time when one partner decides to part ways, leading to the intricate process of a buyout. Whether it's due to diverging visions, personal reasons, or strategic shifts, the decision to buy out a business partner requires careful consideration and strategic planning.
Today in the studio we have Tom Meyer, Executive Vice President and Director of SBA Lending, at Centrust Bank. Centrust Bank is known for its expertise and close relationships with its commercial clients and instrumental in helping small businesses reach achieve their dreams and growth aspirations. Tom joins us here today to talk to us about what may be involved in buying a partner out of a business.
To learn more about Centrust Bank, visit centrustbank.com.