Business Partners

Post image for Basic Training: P is for You Can Pick Your Partners, You Can Pick Your Nose . . .

. . . but you can’t pick your partner’s nose. (Or can you?) I received an inquiry from someone who, I’m sorry to say, is going at this bass-ackwards. She’s chosen a business partner, but not the kind of business she wants to set up. She wants to control all the decisions, but seems more concerned […]

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Now I’m not going to summarize the whole of Christopher Mercer’s book on Buy/Sell Agreements for you, but he raises a lot of valuable points that bear repeating (and sharing). First is an answer to that very question: why bother with a buy/sell agreement? Because, as Mercer writes, “they are designed to provide objective means […]

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Post image for Jerked Around by a Business Partner

From the “No good deed goes unpunished” department: Q: I deposited more than $20,000 into my business partner’s account under the impression that he would add my name to the new company and to the house I had paid off for him and that he would put my name on the new car title,  too. […]

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I started a discussion thread in our Successful Business Partnerships group on LinkedIn concerning the importance of shared values between business partners.  How can you tell if you’re really on the same page? Aside from certain basic questions (which I know — see the kind reference to my book, The Key Questions in the thread), I was […]

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I finally finished Z. Christopher Mercer‘s book, Buy/Sell Agreements: Ticking Time Bombs or Reasonable Resolutions?  Through no fault of Mercer’s, a number of things got in the way (work projects, travel schedule, the need to tune out/take a break/read trashy murder mysteries) of my reading through this intelligent and straightforward book — as I had promised I would […]

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One of the advantages to blogging on business partnership issues is that it’s a wonderful conversation catalyst. Everyone has a story to tell! As I was waiting on line to get coffee at the recent BlogHer for Business conference, I was regaled with a sad tale of woe, disappointment, and destructive passive-aggressive behavior. Seems that […]

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Many thanks to Anthony Cerminaro’s BizBangBuzz blog (say that ten times fast!) for finding a great tidbit on highlights to negotiate when beginning a partnership, business alliance, or other strategic collaboration relationship.  He points to Robert Singer’s negotiation tip sheet – a handy reminder of how important it is to value our intellectual property and take […]

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Post image for Feeling Suspicious? Time for a Checkup

I was recently contacted by a business owner who felt that he was being cheated by his business partner.  He had nothing specific to go on . . . just a gut feeling . . . and there was no paperwork.  What could he do to protect his investment? Whether or not he was actually […]

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Post image for Basic Training: Z is for Zapping Yourself by Walking Away

OK, so there aren’t many usable “Z” words in this context.  🙂  Today’s Basic Training post revisits that old, old lesson that you can’t just escape or quit your business by walking away. Q.:   What are the ramifications if I walk away from my small business–just turn the keys over to the landlord and walk […]

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A lawyer colleague of mine, George Bischof, is part of a networking group that encourages you to end your elevator pitch with a tagline.   Being a trusts & estates specialist, his is something like, “You will die,” or “Because death is inevitable.”  George is not a morbid guy by any means — he’s just trying to impress […]

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