Money & Finance

Cash flow challenges present a dilemma that many entrepreneurs face. You need to grow, but lack the available cash to invest in the growth. For example, you may need a computer network, or telephone system, and the sticker price sends you into an anaphylactic shock. What’s a business owner to do? Thankfully, for some, there […]


Post image for Raising Investment Capital–Beware of ‘Finders’

Let’s face it. Not all of us are independently wealthy. Sometimes we need financing from others to help convert our dreams into tangible reality. But is it legal to give someone a “piece of the action” for finding a source of capital? The answer, writes my colleague, Steve Furnari, Esq., is an unequivocal “no.” Read […]


Post image for Anatomy of a Loan Document

From our own comes this handy article by Sean Melvin, Esq. on what to look for in a small business loan package. As Melvin points out, the package usually “comprises three documents, including a loan agreement, a promissory note, and some form of guarantee and surety agreement.” Briefly, The loan agreement contains the “representations […]


Post image for Credit Card Companies Slashing Credit Lines

Just when you thought it was safe to use your business credit card to buffer the not-quite-robust-cash-flow experience you’ve been having, check again. This recent article from the Wall Street Journal online indicates that companies such as American Express are slashing credit lines–even for solid customers–when they are deemed a “credit risk.” If you check […]

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Post image for When Friends and Family Finance Your Business

Don’t get sloppy: Handle transactions properly to preserve your personal ties. You’re ready to launch your new business. Your credit cards are tapped out, you rent your apartment (making you ineligible for a home equity line of credit), your personal credit’s less than stellar and your bank is not interested in lending you money for […]


Post image for The Legal Implications of Bookkeeping

Aside from the “two sets of books” scenario that provides the fodder for tabloid headlines and old movies, I tend to think of bookkeeping as, well, mundane (apologies to bookkeepers nationwide as well as to my own, Debbie, who’s a real firecracker). Not something sexy, just something that has to get done. Like brushing your […]


Post image for Extending Credit to Customers

More naches and brag–this time on the issue of extending credit to customers. See Melanie Lindner’s piece in on “How Much Credit do Customers Deserve?” She and I talked about the changing economic climate (euphemism) and whether it made sense for businesses to extend credit to customers. Whenever you extend credit (which occurs any […]


From the Department of Business Partnership Nightmares comes this plea for help from LordMJ: Here’s the skinny: Partner 1 and Partner 2 met in corporate America and started a venture together when both had full-time jobs Partner 1 left the corporate job and entered grad school, ostensibly to help the business (and supposedly by mutual […]


Post image for Paying Back Private Investors

Any time you accept money from someone else to help your business grow, you should put that relationship in writing. Many a lawsuit has been brought because of misunderstandings about (1) how much would be provided, (2) when the money would be provided, (3) whether there were benchmarks that needed to be achieved in order […]


Maybe you’ve only just started your business or are not ready to sell it just yet. But don’t you ever wonder how much you could get if you cashed out – or let someone else buy in? Could you afford that beachfront property in Hawaii you’ve been fantasizing about? Take those international trips you have […]