Cash bonuses might make employees happy, but regular praise and communication make them loyal. If you’ve taken the plunge and hired employees, you’ve probably learned two hard lessons quickly: They don’t come cheap. Like pets, plants, children and other living beings, you need to communicate with them. You can’t just ignore them like a piece […]

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by on September 14, 2019

MySpace Clinches Music Alliance

As I mentioned in this blog in February, MySpace has been looking for strategic alliance partners to help create an online music distribution system that rivals Apple’s iTunes.  According to AOL News, the deal is done — at least the initial phases of it.  The MySpace Music venture includes Vivendi’s Universal Music Group, Sony BMG […]

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Post image for The Partner Principle: Interview with Robert Tuchman

I was intrigued with what Robert Tuchman had to say about his experience with business partners–check out Chapter 5 (“The Partner Principle”) of Young Guns: The Fearless Entrepreneur’s Guide to Chasing Your Dreams and Breaking Out on Your Own. Especially as his is a success story. How rare is that? So I invited him back for a second […]

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You spend months creating a product, designing a website, and having copy written and tested. You spend countless hours schmoozing joint venture partners. Then your launch day comes, you “push the button” and… The silence from lack of orders is deafening. Welcome to the persnickety world of joint ventures — in this context, more accurately […]

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Q.:  Can a business partner be charged with embezzlement? My husband owns a business along with a partner whom he went to school with. The are equal partners. We have discovered this year he had a $10,000 cashiers check issued to himself from a business loan that acts as a checkings plus account. He also […]

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by on September 2, 2019

Good Partner Material?

From north of the border, here’s a piece from Canada’s Globe and Mail, the features that perspicacious legal mind and great blogging whiz . . . ME!    The author, Sarah Hampson, writes about how business partner relationships can be like romantic partner relationships . . . and, in light of the Conrad Black trial, […]

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by on August 30, 2019

Developing Good Business Credit

Post image for Developing Good Business Credit

Business credit doesn’t happen on its own–and as business owners, we need it now more than ever.  This E-Myth podcast, featuring Trent Lee of Corporate Credit Concepts, talks about how to establish your business credit and ways that you take an active role in doing so.

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Post image for 50 Ways For Small Businesses To Save Money

Making it through these challenging economic times is not just about ensuring an income (or cash) stream—it’ll also take economizing where you can.  This article from Entrepreneur.com provides 50 handy ways to save money in these clever categories: Penny-pinching promotions Internet ideas Location logic Office overhead Insurance intelligence Employee economics Shipping savings Tax tactics Financial […]

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Post image for Even the Big Players Complain About Legal Bills

Everyone has a favorite “whipping boy,” and for entrepreneurs, lawyers and legal fees often fill that role.  Sigh. Well, entrepreneurs, you’re not alone.Seems a study of in-house and general counsel of major corporations in the UK have a similar gripe–in particular, that the bills are padded with junior associate time.There are ways to handle the legal fee […]

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by Nina L. Kaufman, Esq. on August 21, 2019

What company financial reports does an LLC need?

Q.:  What kind of financial reports are minimally required of an LLC, and how often should they be made available to the partners?   A.:  Minimally, LLCs are required to file annual tax returns for their company financial reports and the members (owners) of an LLC would receive a copy of Form K-1, which is […]

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Nina in the Media