Thomas G. Haren, Keenan M. Jones, and Alexander J. Koenig Share 5 Conversations to Avoid a Bad Business Breakup in Cannabis Business Times

In a recent article for Cannabis Business Times, Thomas G. Haren, Keenan M. Jones, and Alexander J. Koenig provide guidance on laying the groundwork for a business partnership’s long-term success.

The article, “5 Talks to Have Now to Avoid a Bad Business Breakup Later,” outlines key steps to minimize the messiness and damages from a business divorce and potential financial and business disagreements that could cause problems down the line. The team suggests preemptive strategies and shares conversation prompts to prepare for smooth transitions in the future including:

• Who should make the ultimate decisions with respect to the business?
• What should business partners do if they need more money?
• What if one of the owners wants to exit the business?
• How should profits be distributed?
• What should happen to the company if owners can’t agree?

Read their full insights here.

Tom represents licensed operators and ancillary service providers, advising cannabis clients on issues including license acquisition, corporate transactions, litigation, day-to-day business matters, strategic planning, municipal law, and regulatory compliance. He has led some of the largest M&A deals in the Ohio cannabis market, representing both the selling license holders and acquiring entities.

Keenan represents businesses of all sizes in litigation matters, corporate formation, business development, and protection of intellectual property rights. Since 2017, he has focused his practice on assisting companies operating in the regulated cannabis space, including hemp, marijuana, and ancillary endeavors.

Alex focuses his practice on mergers and acquisitions, banking and commercial finance, and long-term care. He provides counseling on a variety of corporate matters such as contract review, joint ventures, and capital formation and works with clients of all sizes across many industries, including investment groups and institutional lenders, nursing facilities, non-profits, and owners, operators, and developers.

Cannabis Business Times is a publication that focuses on the business of legal cannabis for medical and adult use. They aim to provide timely information to help the reader make informed decisions about running their cannabis businesses and advancing their careers in the cannabis market.