Checks and balances on cash, inventory and other business assets is as important between partners as it is with employees. Too often I see theft occurring in newsagencies and other small retail businesses where a partner has stolen from the business.
Theft by a partner in the business is usually done in the same way and for the same reasons as that by employees.
Managing theft by a partner, stopping it, is done by having good management practices in place for cash, inventory and assets and applying the rules and requirements against everyone working in the business. Core in the management practices are checks and balances along with transparency at every step.
Discovering theft is often too late for any effective recovery for the business.