by on September 19, 2018

Pre-Partnership Rule of Thumb

From Ben Canosha’s blog, a good suggestion before starting a business with others: Before going into a partnership with someone, spend time with them in three different kinds of situations: a relaxing one, a competitive one, and an intellectually stimulating one. – Joan Kelly And as a model of collaboration, his new project, Business Rules of […]

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by on September 16, 2018

Keep Lawsuits Off Your Back

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The best way to handle a lawsuit is to avoid getting into one.  Rare is the small business that has the funds set aside to pay for the lawyers (and possible judgment) of a lost case–heck, these companies often can’t afford to pay their owners a regular salary! So how do you keep lawsuits off […]

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by Nina L. Kaufman, Esq. on September 13, 2018

[VIDEO] To share is unfair

Should you freely, readily, easily share your intellectual property? Does “share, share; that’s fair” apply to the board room as well as the dining room? Methinks not. This short video explains why. Am I being overly cautious? (No surprise, given my legal training). Or worse—selfish? (With a wink to Ayn Rand). Be sure to post […]

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Q.: What do you get when a U.S. consumer products and marketing powerhouse meets a Korean pharmaceutical company? A.:  A strategic alliance that uses a new model to improve health care. As reported in CNN Online, Proctor & Gamble is known more for its consumer items than for its pharmaceutical division (yes, they have one!).  […]

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by on September 7, 2018

Have Your Collections Policy Ready

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If you don’t want to get stiffed, know ahead of time how you plan to collect on overdue receivables. In any economy, there’s only one thing worse than not having work to do. That’s spending the time and effort to do the work . . . and still not getting paid. Frankly, I’d rather be sitting around […]

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by on September 4, 2018

How to Create a Mastermind Group

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Mastermind group dynamics are like baking bread: while the process may be straightforward, it takes a delicate touch to make sure that all of the ingredients are in the right proportion and that the dough is kneaded properly. What’s needed to get started?  A group of people who are willing to make a regular commitment […]

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Post image for Basic Training: ‘Finagling’ Overtime . . . and Why That’s an FLSA Red Flag

Like cheating on taxes, playing fast and loose with Fair Labor Standards Act employee classifications can land you in a world of hot water. Do you know the distinction/difference between “exempt” and “non-exempt” employees as it relates to their duties and the paying of overtime? Q: I want to lessen my payroll by finding ways to lower […]

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by on August 29, 2018

Tax Concerns When Selling A Business

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Ah, wouldn’t it be nice . . . to cash out of your business and have the time, freedom and buckaroos to lounge in Tahiti, build that extra extension on the house or give to the charity of your choice. But there’s more that has to go on behind the scenes–before you get to that […]

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Post image for Basic Training: Does Divorce Litigation Affect a Business Partnership?

It’s said that more than 40 percent of all marriages in this country end in divorce.  So there’s a not-insubstantial likelihood that your business could be affected by divorce . . . even if you’re not the one divorcing.  Here’s today’s query: Q:  My partner’s ex-wife is suing him for a large amount. Can it […]

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by on August 23, 2018

Annual Corporate Housekeeping

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Happy New Year. With the new year comes the sweeping out of the old, which is where your corporate housekeeping comes into play. Many entrepreneurs think their legal work is done once they’ve incorporated or formed a limited liability company. Not so. Most states’ statutes require you to compile a written record of your major […]

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