Business Partners

From Ben Canosha’s blog, a good suggestion before starting a business with others: Before going into a partnership with someone, spend time with them in three different kinds of situations: a relaxing one, a competitive one, and an intellectually stimulating one. – Joan Kelly And as a model of collaboration, his new project, Business Rules of […]

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Post image for Basic Training: Does Divorce Litigation Affect a Business Partnership?

It’s said that more than 40 percent of all marriages in this country end in divorce.  So there’s a not-insubstantial likelihood that your business could be affected by divorce . . . even if you’re not the one divorcing.  Here’s today’s query: Q:  My partner’s ex-wife is suing him for a large amount. Can it […]

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Partnerships can be tough under the best of circumstances.  Communication gets garbled even when you’re sitting right next to your business partner.  But can you imagine the challenges in having a business partner in another city, state, or country?  I cam across a post that inspired me to think about it:  one business owner is […]

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Sometimes, a break from routine is a good thing. Had Ari Weinzweig not allowed his business partner, Paul Saginaw, to drag him away from his normal business routine, the Zingerman’s Deli of Ann Arbor might not have reached its $20 million target ahead of schedule.  Saginaw impressed upon Weinzweig the need to step out of […]

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Well, it seems that even the powerful get duped in their dealings.  From the Washington Post, comes the story of Hunter and James Biden, sons of Sen. Joseph R. Biden Jr. (D-Del.), who are suing a former business partner for fraud, claiming he lied about his professional credentials and finances.  One of the claims is […]

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From the Department of Cautionary Tales comes this instructive story from Richard Fox on the Kauffman (sadly, no relation — not even spelled the same way) Foundation’s Entrepreneurship site. It’s the story of a partnership turned very ugly.  Betrayed by the partner who tried to sell out from under him on the day of his […]

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People often view a marital prenup like having a bucket of ice-cold water dumped on your head. Small business owners are no different. When they look to form business partnerships, the thought of negotiating a business partnership agreement can be too chilling to contemplate. Problem is, when you start working together without working out the […]

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Reproduced from my weekly ezine, LexAppeal: As I mentioned last week, business partnerships are delicate creatures.Like Japanese maple trees, you need to plant them in the right soil, protect them from harmful pests, and tend them carefully.Any one of these factors could cause the tree to wither and die. As the proverbial gardener of your […]

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This isn’t just business divorce, it’s “real” divorce.  The business divorce is the icing on the cake and people fight over it the way they do over children, favorite pets, or heirlooms. There are two main ways a family business can be owned.  (1) One spouse owns the business.  In that case, the non-owner spouse […]

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Two (or more) people want to go into business together.  They’re holding hands (metaphorically speaking), ready to skip lightly down the path of shared entrepreneurship, when a legal questions arises:  what form of business should we choose? The short and obvious answer it:  it depends.  And the decision is a crucial one that should involve […]

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