Business Partners

Like many things, the short and obvious answer to the question, “can ailing business partnerships be fixed?” is . . . it depends.  It depends on why the partnership is reaching a rough patch, whether this is something that happens with regularity, and the extent to which the partners are willing or able to make […]

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Post image for Basic Training: Capital vs. Sweat Equity: What’s a Fair Buyout?

Q: I’m in a situation where one owner is an active “sweat equity” owner; the other is inactive but provides financial capital. I’m the sweat-equity owner who has put in the hours and grown the business, while the other has been gone for months at a time. I am now in the process of trying […]

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Post image for Basic Training: Where, O Where, Have My Partnership Tax Returns Gone?

When leaving a business partnership, entrepreneurs often overlook the fact that untangling the details of the business can go on for months after the date of departure. Here’s one of the problems that can arise if you haven’t worked the appropriate safeguards into the exiting process: Q: We separated from our former business partner in the 3rd […]

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Post image for Shareholder Agreement ‘Gotchas’

My colleague Rush Nigut recently posted a piece in his blog about a little-known provision of Iowa law that could invalidate shareholder agreements after 10 years. Think about it: You’re humming merrily along with your business partner, thinking you’re covered (because of COURSE, you hired an attorney and worked out an agreement), and your partner […]

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“The Restaurant” was the classic partnership pairing:  Rocco DiSpirito, chef extraordinaire (or at least ego extraordinaire — which makes for good TV), and Jeffrey Chodorow (the money guy).  And the feuding they displayed, according to Laura Petrecca’s article in American Chronicle, is what commonly goes on behind closed doors in many partnerships. So what’s the […]

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Post image for Today’s the Day for the Inside Scoop on Partnerships!

Turn off the TV.  Leave the e-mail alone for an hour.  The kids will fend for themselves.  It’s time for your Hour of Power–and learning how to create a business partnership that works. Just one hour–8 to 9 p.m. ET–can take you from tailspin to steady . . .  so make sure to sign up for […]

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Post image for Are You Prepared for Business Partnership?

It’s not as simple as it seems.  Business partnerships involve more than just finding a compatible playmate.  Learn how to avoid the pitfalls with my FREE teleseminar on Tuesday, Oct 6 at 8pm ET!  For information and registration, visit The Entrepreneur’s Prenup teleclass website!

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Post image for Avoiding a Bomb of a Business Partner

Drum roll, please . . .  I’m at T minus 16 for the launch of my latest product, The Entrepreneur’s Prenup: How to Choose a Business Partner Who Won’t [bleep] You.  It’s a home-study course that will take you through the top issues to consider when choosing a business partner and how you can screen […]

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I’m about to give my teleseminar, “Help! My Partner’s Driving Me Crazy!: Building and Maintaining Effective Business Partnerships” . . . and came across “My Partner’s Not Doing Enough Work!” — which is certainly a factor that could drive you crazy!  Written by a self-confessed INTJ (haul out your Myers-Briggs personality grid to refresh your […]

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Deciding on a business partner can provide the key to a rewarding and successful long-term relationship.  Rhonda Abrams’ USA Today article outlines a number of considerations to keep in mind.  I know a number of entrepreneurs who raced into partnerships because they weren’t comfortable being alone — and, like romantic relationships, that’s usually not a […]

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