<prompt> Human: I own a moderately successful service business with a partner. Its structured as an LLC. Through poor management of personal finances, my partner might declare bankruptcy. Our business is doing fine, but Im worried about my options and the exposure to the business. Should I be worried? Also, how do I help speak to my partner about his personal financial issues? We speak daily about the business financials, but never personal.Edit Thank you for the responses so far. The partners work ethic doesnt seem to be diminshed at least I cant quantify it yet, so its really difficult to say Your personal financial problems make me nervous and we should think about a buy-out essentially firing him. Do you even think its fair to bring up the signifcance and to pursue a buy-out, even though his work ethic is strong?  <response>: I dont know your partner, but I would keep a close eye on your inflows and outflows. If you have an accountant for the business, inform them of the situation as well. 