by Nina L. Kaufman, Esq. on November 22, 2016

Drafting a Letter of Intent without the Pitfalls

Letters of intent can be dangerous things in the wrong hands.  Also called memoranda of understanding, term sheets, or discussion sheets, a letter of intent (LOI) is a document that outlines an agreement between two or more parties before the agreement is finalized.  Kinda like a “pre-agreement agreement.”  Paradoxically, entrepreneurs often use LOIs when they […]

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by Nina L. Kaufman, Esq. on November 21, 2016

Planning Your Exit

Is there a possibility your business will be acquired? Bought out by another company?  If so, congratulations!  This is an exciting time for any entrepreneur—for many, it’s the end game that they had in mind when they started their business. Your hard work, sacrifice and dedication to long night can finally pay off. But there’s […]

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by Nina L. Kaufman, Esq. on November 21, 2016

Cashing Out … On YOUR Terms

There are lots of reasons you might feel the need to leave your business. Maybe it’s time to spend more time with family. Maybe you’re losing your passion for it. Or, you’re simply looking ahead to doing something new and different. The decision to sell and move on is one of the most difficult decisions […]

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by Nina L. Kaufman, Esq. on November 16, 2016

Introducing: The Employee WiFi Use Policy

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As if there weren’t enough issues to put into our employee manuals, the internet and Web 2.0 have made them proliferate.Each time there’s a new technology, lawyers have to evaluate: “Is it covered under our current policies?” And, not being the one to say “sure!”–and be wrong –voila! A new policy is born. The latest […]

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by Nina L. Kaufman, Esq. on November 13, 2016

The Power of ‘One’ in Transforming Your Business

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As I’ve learned in nearly 15 years in business (gulp! Has it been that long?), change doesn’t need to be–and usually isn’t–a complete and total metamorphosis in one go, like the makeover shows you see on reality TV. It’s a process that unfolds over time. Sometimes, all you need to get to someplace better is one […]

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by Nina L. Kaufman, Esq. on November 10, 2016

Gearing Up For Out-of-State Business

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Q.:  I would like to market to first-time homebuyers in New York, put them through a nonprofit loan program of which my company is not affiliated and eventually hand them off to a Realtor in New York.  My company operates in Nevada and is licensed in real estate.  We would collect a referral fee for […]

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by Nina L. Kaufman, Esq. on November 7, 2016

To Be a Successful Entrepreneur, Avoid These Mistakes

Would that we could wave a magic wand and–POOF!–be a successful entrepreneur. Actually, it’s usually more a matter of becoming a successful entrepreneur and gorwing into the role than all-of-a-sudden being it. In this short video interview with Carolyn Kepcher of Work Her Way, I briefly discuss how a busienss owner might get in the […]

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by Nina L. Kaufman, Esq. on November 4, 2016

The Importance of Regular Checkups

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You may roll your eyes and picture your grandmother waggling her finger in your face saying, “An ounce of prevention is worth a pound of cure, young lady,” but she was right. How simple would it have been to floss regularly, instead of having to go through the time and expense of filling a cavity? My husband […]

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by Nina L. Kaufman, Esq. on November 1, 2016

Economic Alternatives to Slashing Employee Payroll

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In tough economic times, it’s tempting to look at payroll and ask, “Who can we cut?” It’s like looking in the mirror, realizing that you’re overweight and immediately choosing liposuction as a fat-reduction measure. There are alternatives to drastically cutting your work force–especially as these are the very people you will need to rebound when […]

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by Nina L. Kaufman, Esq. on October 29, 2016

‘Til Death Do We Part: How Not to Get Rid of a Business Partner

From the Department of “Was that form of exit strategy written into our partnership agreement?” comes this story from the Chicago Tribune of an Illinois business partnership gone wrong.  Apparently, the home rehab business — started by two friends — was experiencing financial difficulties.  It seems that one partner wanted to take out more money to […]

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