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10-17-2014, 01:32 PM #1
For medium to larger sized companies, especially with some publicly traded companies it is a problem. As a managing partner with the ability to sign up to $500k for the company, what if the board fires that partner, buys him out, etc? Then he has to personally guarantee that money after he was forced out of the company. In that regard, it is an issue.
Anthony Diamond
Underwriter
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