Post image for Basic Training: P is for You Can Pick Your Partners, You Can Pick Your Nose . . .

. . . but you can’t pick your partner’s nose. (Or can you?) I received an inquiry from someone who, I’m sorry to say, is going at this bass-ackwards. She’s chosen a business partner, but not the kind of business she wants to set up. She wants to control all the decisions, but seems more concerned […]

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by Nina L. Kaufman, Esq. on March 31, 2015

What Does Your Business’ Kitchen Cabinet Look Like?

No, not the one that is filled with coffee filters and stale snacks. What does your “kitchen cabinet” of business advisers look like? Known as “The Small Biz Lady,” Melinda Emerson, small business consultant, speaker and author of Become Your Own Boss in 12 Months, took a moment with me at the New York Times […]

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by Nina L. Kaufman, Esq. on March 30, 2015

Where’s ‘some happy’ in your business?

The article screams “ICU Nurse Finds Joy (and Money) Launching Skin Care Line!” Alright, maybe it doesn’t scream, but it is 4am and I can’t sleep. My mind revs like a car in neutral. I go into the bathroom, where I keep my stash of light reading (“light” as in not hard news, law, or […]

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by Nina L. Kaufman, Esq. on March 29, 2015

Is (Lack of) Cash Flow Killing Your Business Partnership?

Yes, lack of cash flow can kill any business, but it seems to hurt more in business partnerships. First, there’s the denial phase (“sure, we can continue to meet expenses and take our monthly draws”).  Then, there’s the belt-tightening phase (“we’ll hunker down, but this, too, shall pass”).  And then, like a slowly seeping poison, […]

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by Nina L. Kaufman, Esq. on March 28, 2015

Developing a Profitable Joint Venture — Step-by-Step

Here’s a helpful post by Chris Flett, author of What Men Don’t Tell Women About Business, outlining four important steps in developing a profitable venture.  To summarize: Set expectations Develop a style of management that all can work with Make it easy for contributors, staff, and vendors to work in the model Find a way to marry […]

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by Nina L. Kaufman, Esq. on March 27, 2015

Law Questions about Transfer of Ownership and Closing a Business

Many entrepreneurs have law questions about the process of transfer of ownership and closing a business. Sometimes, the transfer of ownership takes place in the context of a company merger or company acquisition. Other times, you may just be looking to sell a corporation, and that’s where a stock transfer takes place. Want to know […]

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by Nina L. Kaufman, Esq. on March 26, 2015

Web Design Legal Horrors

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Few aspects of marketing are as crucial to a company’€™s identity than its website. And fewer marketing vehicles can become as much of a money pit and time suck as . . . a website. It’€™s a never-ending process of evolution, a frustrating “€œwork in progress.” Just when you think you have it figured out, […]

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by Nina L. Kaufman, Esq. on March 25, 2015

Hot Twitter Resources for Small Business Development

As an entrepreneur, you learn quickly that you can’t know it all–and that you need resources for your small business development.  Where can you find them?  Well, amid the noise that can be Twitter, people are compiling lists of experts in various entrepreneurial subjects that can support your small business development. I was honored–and occasionally, […]

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by Nina L. Kaufman, Esq. on March 24, 2015

How can you transfer stock between directors of a corporation?

Q.:  In a privately held company, is it necessary for a stock transfer between two directors to be approved by the shareholders?   A.:  Under most state laws, shareholders have the right to approve (or disapprove) any transferring ownership is involved, including a stock transfer.  If the company has multiple classes of stock, the shareholders’ […]

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by Nina L. Kaufman, Esq. on March 23, 2015

Basic Training: C is for Creative Accounting

Post image for Basic Training: C is for Creative Accounting

In these times of dire economic predictions, here’s a bold query from someone with a little too much cash on her hands. [And yes, I skipped “B”] Q.: It seems as though the larger my company gets, the more profit we show and the more money I just hand away to the government. What are […]

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