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

Common Small Biz Legal Issues

Business law has become so complicated – how can you keep it all straight? Add to that the mountain of tasks that a small business needs to take care of – legal duties that you, as the business owner, may not even be aware of! That’s where an attorney can help, to ensure that your […]

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by Nina L. Kaufman, Esq. on December 19, 2016

Small Business Legal Tips on Networking CEO (podcast!)

Small business legal issues provide part of the foundation of your business. Many entrepreneurs don’t realize that there are two crucial components to any successful business: encouraging growth (that’s the fun part sales and marketing and revenues) and managing risk (that’s the un-fun part of HR, administration, accounting, and law). As someone who wants to […]

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

Basic Training: You Only Get Hurt By The Ones You Love

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Today’s basic training involves a sad story. A woman gave her heart to another . . . and to his business. What thanks does she get? She gets jilted, in more ways than one. Yet another reason to have a business prenup if your personal relationship sours.  Read on . . . Q.:  I was […]

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

Uncooperative Business Partner, Redux

For more on deadbeat business partners, here’s another thought:  if you have been running your business as a general partnership, you are both “jointly and severally liable” for the debts of the partnership.  This means that a creditor could come after you for the full amount of the debt, or your partner.  They don’t have […]

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

Choosing the Right Network Marketing Business Partner–Part I

Sometimes, it takes a couple of bricks to the head to learn a lesson (ergo, the month-long blogging silence).  Here I am, Madam Genius, Esq., blogging about business partnerships, and I violated all my own good advice about choosing one wisely. A while back, a colleague approached me about getting involved with a network marketing […]

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

Why Home-Based Businesses Need Contracts, Too!

The alarm goes off at 6:00am. Fifteen minutes later, coffee in hand, you walk into your office and turn on your computer. You are clad in a Boston Red Sox T-shirt, your husband’s Fruit of the Loom® boxers, and a pair of AniMules fuzzy giraffe slippers. Is this the perennial nightmare that you’ve shown up […]

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

Basic Training: Is My Conniving Co-Owner Embezzling?

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Q: I have a business partner (“John”). He is majority shareholder with a 55/45 split. We act primarily as a subcontractor for a small number of other companies. We do not have an operating agreement. We typically travel and complete projects together. Due to a scheduling conflict, I cannot go on our next project. Knowing this, […]

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by Nina L. Kaufman, Esq. on November 28, 2016

Difficult Conversations: The Underperforming Employee

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Talking to an underperforming employee ranks right up there with telling a boyfriend he’s not pulling his weight in a relationship. Blecch. Not something you really look forward to. But if you don’t nip the situation in the bud early, it will fester until it reaches ugly proportions. You need to handle the situation directly, […]

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by Nina L. Kaufman, Esq. on November 25, 2016

Getting ‘Kinected’

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Carrie and Matt McCulloch are not only husband and wife, they’re first-time business buyers and the owners of Kinected, an up-and-coming pilates studio in NYC.  I had the pleasure of sharing a speaking panel with Carrie (along with Terri Coffel, CPA, of Citrin Cooperman and Sally Anne Hughes of Hughes Klaiber LLC) on the subject […]

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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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