Business Partners

This just in from the annals of Business Partner Horror Stories. Imagine going into work one day and your partner doesn’t show up.  Calls to his home ring and ring with no answering machine picking up.  Calls to the cellphone get sent straight to voice mail.  No response to your emails.  This goes on for […]

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From Daneen Skube, Ph.D., in the Seattle Times came this question-and-answer about business partnership: <<Q. I’m thinking of going into business partnership with my friend. Is there any question I should consider to help me make a decision? A: Yes — would you marry your friend? Marriages are not the only unions that have a bad […]

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Sometimes, it seems, you do have to look a gift horse in the mouth. As Sarah Needleman points out in her Wall Street Journal article, “Taking a Partner Can Help… or Hinder,” a promise of cash can lead to problems of control. When half of all businesses that try to borrow money don’t get any […]

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It’s such a good question.  (Although it’s usually asked this way:  How much equity should I give someone who wants to buy into my business? — which I think is the wrong question, for it assumes that you would want to do so). For a perspective on why you wouldn’t, check out this recent post […]

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From north of the border, here’s a piece from Canada’s Globe and Mail, the features that perspicacious legal mind and great blogging whiz . . . ME!    The author, Sarah Hampson, writes about how business partner relationships can be like romantic partner relationships . . . and, in light of the Conrad Black trial, […]

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I was interviewed earlier this week by a Canadian paper for comments on the latest cause celebre, the trial of former media magnate Canadian Conrad Black, for charges of racketeering, to mail fraud, and tax evasion. The trial opened in Chicago in mid-March.  The most interesting twist is that the government’s star witness is none […]

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Entrepreneurial women are the best. They see a need; they have a passion; they want to make the world a better place; and they have a nary a pause for thought before bringing their dream to fruition. But here’s a situation where a couple of deep breaths might be in order. “Jane” and “Amina” own […]

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When I first heard David Greer’s story, I started to salivate. Not at the acrimony that created the situation, but at the end result:  a two-year Mediteranean cruise with his family! But it could not have happened had David not been willing to follow the advice of his attorney and sign a shareholders’ agreement for […]

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I’m a big fan of attorney Ryan Roberts and his StartUp Lawyer blog, and just couldn’t resist the title of his recent post, “Saks Does Not Take Restricted Stock.” He touches on the need to uncover the tolerance level of your business partner’s spouse/significant other for the uncertain time of sacrifice ahead. It’s similar to […]

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A while back, I wrote an article entitled “Investing in the Right Investors,” where I talked about the importance of having the right fit.  Just as you would want to have with a business partner who’s actively involved in the company. My colleague, David Greer (who knows a thing or two about investors and investing) […]

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