by Nina L. Kaufman, Esq. on December 1, 2016

Basic Training: Is My Conniving Co-Owner Embezzling?

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Q: I have a business partner (“John”). He is majority shareholder with a 55/45 split. We act primarily as a subcontractor for a small number of other companies. We do not have an operating agreement. We typically travel and complete projects together. Due to a scheduling conflict, I cannot go on our next project. Knowing this, […]

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by Nina L. Kaufman, Esq. on November 28, 2016

Difficult Conversations: The Underperforming Employee

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Talking to an underperforming employee ranks right up there with telling a boyfriend he’s not pulling his weight in a relationship. Blecch. Not something you really look forward to. But if you don’t nip the situation in the bud early, it will fester until it reaches ugly proportions. You need to handle the situation directly, […]

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by Nina L. Kaufman, Esq. on November 25, 2016

Getting ‘Kinected’

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Carrie and Matt McCulloch are not only husband and wife, they’re first-time business buyers and the owners of Kinected, an up-and-coming pilates studio in NYC.  I had the pleasure of sharing a speaking panel with Carrie (along with Terri Coffel, CPA, of Citrin Cooperman and Sally Anne Hughes of Hughes Klaiber LLC) on the subject […]

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by Nina L. Kaufman, Esq. on November 22, 2016

Drafting a Letter of Intent without the Pitfalls

Letters of intent can be dangerous things in the wrong hands.  Also called memoranda of understanding, term sheets, or discussion sheets, a letter of intent (LOI) is a document that outlines an agreement between two or more parties before the agreement is finalized.  Kinda like a “pre-agreement agreement.”  Paradoxically, entrepreneurs often use LOIs when they […]

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by Nina L. Kaufman, Esq. on November 21, 2016

Planning Your Exit

Is there a possibility your business will be acquired? Bought out by another company?  If so, congratulations!  This is an exciting time for any entrepreneur—for many, it’s the end game that they had in mind when they started their business. Your hard work, sacrifice and dedication to long night can finally pay off. But there’s […]

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by Nina L. Kaufman, Esq. on November 21, 2016

Cashing Out … On YOUR Terms

There are lots of reasons you might feel the need to leave your business. Maybe it’s time to spend more time with family. Maybe you’re losing your passion for it. Or, you’re simply looking ahead to doing something new and different. The decision to sell and move on is one of the most difficult decisions […]

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by Nina L. Kaufman, Esq. on November 16, 2016

Introducing: The Employee WiFi Use Policy

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As if there weren’t enough issues to put into our employee manuals, the internet and Web 2.0 have made them proliferate.Each time there’s a new technology, lawyers have to evaluate: “Is it covered under our current policies?” And, not being the one to say “sure!”–and be wrong –voila! A new policy is born. The latest […]

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by Nina L. Kaufman, Esq. on November 13, 2016

The Power of ‘One’ in Transforming Your Business

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As I’ve learned in nearly 15 years in business (gulp! Has it been that long?), change doesn’t need to be–and usually isn’t–a complete and total metamorphosis in one go, like the makeover shows you see on reality TV. It’s a process that unfolds over time. Sometimes, all you need to get to someplace better is one […]

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by Nina L. Kaufman, Esq. on November 10, 2016

Gearing Up For Out-of-State Business

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Q.:  I would like to market to first-time homebuyers in New York, put them through a nonprofit loan program of which my company is not affiliated and eventually hand them off to a Realtor in New York.  My company operates in Nevada and is licensed in real estate.  We would collect a referral fee for […]

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by Nina L. Kaufman, Esq. on November 7, 2016

To Be a Successful Entrepreneur, Avoid These Mistakes

Would that we could wave a magic wand and–POOF!–be a successful entrepreneur. Actually, it’s usually more a matter of becoming a successful entrepreneur and gorwing into the role than all-of-a-sudden being it. In this short video interview with Carolyn Kepcher of Work Her Way, I briefly discuss how a busienss owner might get in the […]

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