by Nina L. Kaufman, Esq. on December 12, 2018

Using key man policies as a business partnership benefit

Q.: We are setting up key man insurance policies, and one of the spouses asked whether the business could pay for the family’s term life insurance policy as a benefit from the business.  Can a partnership use a partner’s family term life insurance policy as a business expense, with the intention of using the policy […]

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Family.  You can’t live with them; can’t live without them; most assuredly, want to pull your hair out working with them (sometimes). Family businesses are delicate creatures, and as James Lea (via Marian Banker’s blog) points out, trying to effect positive change takes honesty, courage, and willingness–characteristics often in short supply. I briefly worked with […]

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by on December 6, 2018

Rewarding Bad Bahavior

“If it ain’t broke, don’t fix it,” is the attitude many entrepreneurs bring to their business partnerships.  If you’re turning a profit, who cares if it’s done by treating your partner badly, or by your sacrificing weekend after weekend to churn out the work? You should. As Alexander Stein points out in his Fortune Small […]

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by on December 3, 2018

MySpace and Music

According to a report from Scientific American (via Reuters), MySpace is reportedly in talks with four major music labels to create an online music distribution system to rival Apple’s iTunes (which currently dominates the market).  The venture is expected to offer free, advertising supported music streamed over the Internet, as well as a store that will […]

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Post image for Awkward! Managing Potentially Sticky Work Situations

“Been there, lived it,” you say.  Crazy co-workers, back-stabbing co-workers, co-workers who babble on all day and won’t SHUT UP enough to let you focus and do your job, co-workers who seem to wear every sensitivity on their sleeve (as well as those who trample over you like a bull in a china shop). You’ve […]

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by on November 27, 2018

Making It Legal Makes the List

Post image for Making It Legal Makes the List

Yippy kai yay–we’ve made another list!  Check out 100 Best Blogs to Hone Your Entrepreneurial Instinct.  We’re  No. 2 in the “Starting Up” category (which places us, conveniently, at No. 2 on the list overall).  OK, so the title isn’t e-x-a-c-t-l-y right (“Make” It Legal?), but it links back to us and we’re proud.  Also […]

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by on November 24, 2018

Finding the Right Advisors

Follow these tips to select an advisory board that will serve your business well. The premise is simple and time-honored: Two heads are better than one. First-time entrepreneur Kris Appel recognized this early on when she founded Encore Path Inc. in 2006 and launched her first product, Tailwind, which helps stroke and brain-injury survivors recover their […]

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by on November 21, 2018

Partners Are an Ingredient in Success

From the Benefits-Outweigh-Burdens Department:  Rob Smorfitt, a serial entrepreneur, small business blogger, and Ph.D. candidate in South Africa, has looked into (and lived through) many business partnerships.  His research indicates that partnerships are a key factor in both entrepreneurial success and (perhaps even) personal stress reduction.  Read his post to find out more!

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One of the ways that entrepreneurial smaller firms can achieve international growth is by forming strategic partnerships with the subsidiaries of multinational corporations.   As Dr Shameen Prashantham of the University of Glasgow Business School points out, there are benefits as long as you can find ways to recognize the opportunities and engage the multinational proactively.  But there are […]

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by on November 15, 2018

Strategic Alliance “Smack-Down!”

OK, so smack-down is more appropriately a World Wrestling Entertainment (formerly known as WWF) term . . . but I was intrigued to learn from mma-zone.com that Spike TV, a division of MTV Networks, and the Ultimate Fighting Championship® (UFC®) organization have agreed to a new, three-year extension of their strategic partnership.  The deal maintains […]

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