Business Essentials

Small business owners often look at their company as their retirement plan—and they may truly believe there’s a big pot of gold waiting for them at the end when they sell their company. Yet, very often, the entrepreneur hasn’t taken the steps to get the plans in place to build to sell (and put money […]

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Post image for Lawyer Jokes: Did You Hear the One About the Hot-Air Balloon . . . ?

A little legal levity for a Friday afternoon. Enjoy! * * * * Advice from lawyers George and Lenny decide to cross North America in a hot-air balloon. However, neither was a particularly experienced balloonist, and Lenny’s mind quickly drifted from navigation to thoughts of how clouds look like cuddly little bunny rabbits. Upon realizing […]

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Post image for Happy (Belated) Law Day!

Did you know that yesterday was Law Day? I suppose that for many of you, the day passed with nary a whiff of the incredible celebrations to be had. Parades in the street! Inspirational speeches! Revelry! Bar associations around the country use it as a day to celebrate community and the importance that law plays […]

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For more on deadbeat business partners, here’s another thought:  if you have been running your business as a general partnership, you are both “jointly and severally liable” for the debts of the partnership.  This means that a creditor could come after you for the full amount of the debt, or your partner.  They don’t have […]

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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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Owning a successful business takes lots of different knowledge and know-how to get it running smoothly—which includes avoiding risks.  Yet many entrepreneurs forge full steam ahead without professional legal advice … for a variety of reasons. Cost. Fear. Ego, to name a few. But without it, seemingly small missteps like “oops, my independent contractor should […]

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Today Show and CNN “Reinvention Expert” Eli Davidson introduces me as one of the “top business attorneys in the country” at the BRAVA Conference, an invitation-only event for women who know playing small is no longer an option for them. I’m sharing this video clip with you because I talk about a serious problem that […]

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Here’s a disturbing thought:  imagine that you’re a limited partner in an entity that’s a limited partnership.  By definition, you’re liabilities are supposed to be limited — that’s why you’re a limited partner.  It’s the “general partner” who’s usually left holding the bag when it comes to claims and liabilities of the limited partnership. But […]

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Post image for Interview with Ana Harvey: Gettin’ a Bigger Piece of the Pie

Tune in for this spirited interview with Ana Harvey, Director of the SBA’s Office of Women’s Business Ownership. New opportunities are afoot for women-owned businesses to get a larger share of the federal contracts pie. Listen in as we discuss: The new rules for federal contracting opportunities The kinds of women-owned businesses that can best […]

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The quick and simple answer is yes, especially if you want to protect your small business from any legal trouble. If you are a small business who hires contractors, it’s quite possible that you can be found liable for any mistakes they make—mistakes that can often far exceed the amount of the original contract to […]

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