Business Partners

In his post, “Startup Founder Equity Splits,” Ryan Roberts touches on an age-old dilemma faced by many beginning entrepreneurs: “how much equity should I give to the other founders to provide me with money, contacts, or other benefits in getting my brainchild of the ground?” It’s a dilemma because many entrepreneurs want to control the […]

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I’m often asked, “what’s a fair division of ownership between busienss parnters” and “how much equity should I give an investor?” The short and obvious answer is: it depends. In his short post by the same name, David Ronick, founder of UpStart Advisors, illustrates how one entrepreneur thought through the process when raising capital, after […]

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I recently spoke at a seminar on the subject of buying and selling a business.  One of the most common reasons that sellers don’t get the price they want is that they wait until the last minute before they’re ready to sell.  That is, they wait until they’re burned out, bored … or dead (in […]

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I’ve had a lot of experience with business partners.  Some I’ve chosen more consciously than others.  Like dating in college, some business partners you end up with because you weren’t thinking clearly (how much did I have to drink?); other business partners are divinely inspired choices. Listen in to my interview with Sam Liebowitz, “The […]

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When you’re starting your business, partnership agreements can seem a tedious exercise.  Not only do they take time and careful planning, but also partnership agreements can feel like a bucket of cold water–a real reality dose on your starry-eyed beginnings. Listen in to my BlogTalkRadio interview with Wendy Hanson of The Sassy Ladies, where we cover […]

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  “I’m done. I’m done! I’m not giving him anything else. The man practically destroyed my business. He doesn’t deserve another red cent.” My client, Valerie, rants while I listen patiently on the phone. She finally got up the gumption to kick out her low-achieving business partner, and we’re in the throes of a settlement […]

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Entrepreneurs who want to raise capital from angel investors really need to consider the process from the angel’s point of view. Every audience you’re trying to sway needs to be able to see “what’s in it for them”.  I’ve heard people quip that the most popular radio station in the world is WIIFM–“What’s In It […]

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Post image for Basic Training: You Only Get Hurt By The Ones You Love

Today’s basic training involves a sad story. A woman gave her heart to another . . . and to his business. What thanks does she get? She gets jilted, in more ways than one. Yet another reason to have a business prenup if your personal relationship sours.  Read on . . . Q.:  I was […]

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Sometimes, it takes a couple of bricks to the head to learn a lesson (ergo, the month-long blogging silence).  Here I am, Madam Genius, Esq., blogging about business partnerships, and I violated all my own good advice about choosing one wisely. A while back, a colleague approached me about getting involved with a network marketing […]

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Post image for Basic Training: Is My Conniving Co-Owner Embezzling?

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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