business partners

It surprises me how many business owners have knee-jerk reactions about choosing a business partner, instead of thinking long and hard about who would really be the right fit for them (then again, how many of us really do that in our personal lives . . . but that issue is beyond the scope of […]

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Post image for Basic Training: Zapped! Or, Is $60 Too Much for a Legal Consultation?

Q: What kinds of legal issues do I need to be aware of in my business? And, do all attorneys charge for consultations? I went to one attorney who wanted to charge me $60 for a consultation. A: Not sure where you’re located or what stage your business is in, so it’s hard to tell […]

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I’m often asked, “what’s a fair division of ownership between busienss parnters” and “how much equity should I give an investor?” The short and obvious answer is: it depends. In his short post by the same name, David Ronick, founder of UpStart Advisors, illustrates how one entrepreneur thought through the process when raising capital, after […]

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When you’re starting your business, partnership agreements can seem a tedious exercise.  Not only do they take time and careful planning, but also partnership agreements can feel like a bucket of cold water–a real reality dose on your starry-eyed beginnings. Listen in to my BlogTalkRadio interview with Wendy Hanson of The Sassy Ladies, where we cover […]

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Post image for Basic Training: Is My Conniving Co-Owner Embezzling?

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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Post image for Getting ‘Kinected’

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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Post image for The Importance of Regular Checkups

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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Post image for Basic Training:  Bums as Business Partners

Q: I have an S Corp that includes myself and my partner, 50/50 ownership. I put in all the capital and do 90 percent of the work. I cannot get my partner to leave the business. What do I do? A: Whether, and how, you can “kick the bum out” depends on whether you have a […]

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Post image for She Takes on the World: Interview with Natalie MacNeil

“She Takes on the World” is not just a glowing compliment my husband gives about me (and, frankly, could pertain to many of you)–it’s the name of the award-winning blog by Natalie MacNeil, media producer, entrepreneur, former ambassador and Stevie Award finalist. Listen in as we cover why she felt a code of ethics was […]

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From Ask Entrepreneur, comes this Q&A on an issue that arises quite frequently in business partnerships: Q.: How do you deal with business partners who have a different vision for the future of your business? Read on to learn mediator and conflict management expert Dr. Eleanor Robin’s response to this thorny question!

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