Autumn Art Dealers
Information on Our Business
How Our Company Works and a Short Company History
There have been bumps in the road though, since the partners have not always seen eye to eye. In the first years of the business, Mr. Little did not agree with Ms. Braze that they should have two branches: the dealership branch and the artist retainer branch. They came to the compromise that Mr. Little would run the dealership and financial aspect of the business, while Ms. Braze would run the artist retainer section. There were moments when Ms. Braze wanted to leave the business because she did not feel a part of the decision-making process. There was no procedure in place for a partner who wanted to leave - a situation which has since been remedied by a formal agreement among the partners. Also, each of them decided that they could make a profitable business if they talked more and discussed the problems. Finally, since the profits of both were shared, they decided on an equal income for both as they did an equal amount of work. As they added employees, they have worked together and discussed how to run the business and use the profits to improve their business without further disagreements and have both learned flexibility.
As the business continues to grow, they are looking into converting their partnership into a LLC Corporation to provide better liability protection for each of them and to make it easier for the business to continue if something happens to one of them.