business divorce

Post image for What to Pay in a Partner Buyout

When you’re thinking about business divorce, there are a couple of hot button items that come to mind. First, you want to know which events trigger a buyout.  The three D’s usually factor into the most well-drafted partnership agreements: death (pretty obvious), disability (perhaps less obvious–how would you define “disability”?), and dissolution (you and your […]

{ 1 comment }

Post image for How to Get Out of a Business Partnership

You can probably guess the tell-tale signs of needing to leave your business partnership (they’re similar to the signs for leaving your college boyfriend or girlfriend): Everything they do is wrong. You’re stressed and unhappy all the time. You wake up in the middle of the night with a knot in your stomach.  In short, […]

{ 1 comment }

  “I’m done. I’m done! I’m not giving him anything else. The man practically destroyed my business. He doesn’t deserve another red cent.” My client, Valerie, rants while I listen patiently on the phone. She finally got up the gumption to kick out her low-achieving business partner, and we’re in the throes of a settlement […]

{ 2 comments }

“I can’t reach it!” cried little Billy. He hung his head, embarrassed. His father, Jim, was standing outside the carousel, watching it circle. Billy was frozen stuck to his white horse. His knuckles white from gripping the pole so tightly. “C’mon, Billy—reach for it!” called Jim. Billy was feeling dizzy. “You can do it!” Jim […]

{ 0 comments }

Sorry for the inconvenience–my segment on “Avoiding Business Divorce” has been moved to Thursday, Aug. 5, at 10:30 a.m. (ET) If you can’t listen in live to our business partnership discussion, make sure you check back in for the replay. Have questions about business partnerships you’d want to “Ask The Business Lawyer”?  Listen in–on 8/5 […]

{ 0 comments }

Post image for Avoiding ‘Business Divorce’–Tomorrow at 2 p.m. ET

Have questions about business partnerships you’d want to “Ask The Business Lawyer“?  Listen in–TOMORROW, 7/30 at 2 p.m. Eastern, I’ll be on BlogTalkRadio, speaking with The Sassy Ladies about “Business Prenups: How They Can Save Your Business From Going Bust!” Business partners are like spouses: Choose the wrong one, and you’re in for a hellish ride. Your […]

{ 0 comments }

Marisa sat at the dimly-lit bar, a chilled glass of Chardonnay in front of her. She drank deeply. It had been a rough day. She needed a break. Her business partner, Alejandro, had made a mess of things again. Failed to meet his promised sales targets. “Was too busy” to send out responses to RFPs. […]

{ 0 comments }