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 [...]
{ 0 comments }
I’m seeing many pixels devoted to the downfall of Charles Patton, a partner and music producer for rapper Lupe Fiasco’s “1st and 15th” record label. I have to confess to not being a devotee of rap music, or even having heard of Lupe Fiasco (or Charles Patton) before the reports started coming in . . . [...]
{ 0 comments }
What’s the key to making partnership agreements true living, breathing documents? They need to strike a good balance between setting firm procedures while allowing for flexibility in the way your business grows and changes. Not an easy feat. One of the significant ways you can ensure a good working relationship with partnership agreements is to [...]
{ 0 comments }
Here’s eye-opening information from a recent press release: <<A recent survey conducted by BizBuySell, the largest online business-for-sale marketplace, found that nearly 75% of business owners doubted the effectiveness of hiring consultants to improve business reputation, preferring instead to do their own marketing without external assistance.Of the survey sample, 68% of respondents said they had [...]
{ 2 comments }
Q.: Our small business fabricates and installs granite countertops. We installed a kitchen for a client, and during and after the installation they seemed happy with the job. But here’s the saga …. When it was time to collect payments, the husband left and the wife said she couldn’t give us a check because her [...]
{ 1 comment }
Q.: I recently started a janitorial cleaning business. Our first job was subcontracted from another cleaning business. We completed three months of work and have yet to receive any payments. Two months ago I met with the cleaning contractor owner to come to an agreement. We signed a promissory note detailing a down payment and [...]
{ 0 comments }
Lest my previous post be construed as just a plug to pay lawyer fees for no reason, here’s the primary reason that kind of corporate housekeeping is so important: You risk exposing your personal assets to creditors if you don’t do them. What? Wasn’t protecting your personal assets the whole point of forming an LLC [...]
{ 0 comments }
On the list of “business responsibilities that we enjoy,” letting an employee go ranks right down there with doing your taxes and appearing for a deposition. Employers have difficulty terminating employees for several reasons. There’s the discomfort that accompanies having to deal face-on with conflict. There’s the guilt that comes from “rejection” of the employee, [...]
{ 0 comments }
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 [...]
{ 0 comments }
Taking on a business partner is not a decision to be made lightly. It’s much like getting married. With the tools provided to you in The Entrepreneur’s Prenup you will always have the partnership guidance you need, regardless of where you are in your partnership process.
© 2008-2012 Kaufman Law PLLC and The Legal Edge LLC
230 Park Avenue • Suite 1000 • New York NY 10169 • Tel: 212.808.7210
Attorney Advertising: Prior results do not guarantee a similar outcome. Please read our Terms and Conditions and Privacy Policy. The information and products on this site are not legal advice and do not create an attorney-client relationship between us.
Website design by
Rowboat Media on Thesis
I'm not an owner or a partner in any of the companies noted as an "Affiliate." However, I do get a commission if you purchase a product using the affiliate links.