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The Ramsey Show Highlights

My Partner Is Trying To Scam Me Out of Our Business

The Ramsey Show Highlights

Ramsey Network

Business, Education, Investing, Self-improvement

4.5839 Ratings

🗓️ 8 May 2026

⏱️ 9 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

In today's digital world, you need ID theft protection that actually works. Protect

0:07.5

yourself at Xander.com.

0:09.3

So a few years ago, a friend of mine came to me and asked to start a business. It's a landscape

0:14.9

service, you know, project-based business and things have been going well. You know, we've

0:19.7

been growing, making money, and then

0:21.8

out of the blue said that, you know, he can't do, doesn't want to continue the partnership

0:25.4

anymore. And we have an operating agreement. So I said, okay, well, we'll go about it the way

0:30.1

that the agreement says, get evaluation done. And I kind of did that, whereas he is saying,

0:37.2

no, the business isn't worth anything. It's only worth what we own. And I kind of did that whereas he is saying, no, the business isn't worth anything.

0:39.0

It's only worth what we own.

0:41.3

And I believe that's different based on the goodwill and the cash flow and the profit

0:46.3

that we've made.

0:47.3

And we've kind of reached a stalemate at this point.

0:50.3

And I don't really know where to go from here as far as how to kind of leverage the situation to

0:58.5

kind of get this clean and over with.

1:01.5

So does he not want to pay to get a valuation because he thinks it's worth nothing?

1:05.4

Is that the deal?

1:05.9

No, he doesn't want to pay for the company.

1:08.1

He kind of just wants to dissolve it and then start the exact same

1:11.1

thing on his own, you know, the second that that's done. What is the valuation cost?

1:16.4

Listen, identity theft doesn't happen because you're careless. It's part of the modern world.

1:21.3

Even when you do everything right, criminals can steal your information and turn your life upside down.

...

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