business partnership

Q.: We are setting up key man insurance policies, and one of the spouses asked whether the business could pay for the family’s term life insurance policy as a benefit from the business.  Can a partnership use a partner’s family term life insurance policy as a business expense, with the intention of using the policy […]

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People often view a marital prenup like having a bucket of ice-cold water dumped on your head. Small business owners are no different. When they look to form business partnerships, the thought of negotiating a business partnership agreement can be too chilling to contemplate. Problem is, when you start working together without working out the […]

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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, […]

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Business partnerships are easy to begin, tough to maintain. (Equally tough is finding a webcam freeze frame that doesn’t make me look downright goofy). In this video, I’m interviewed by Phil Simon, technology expert, management consultant, and author of the recently-released The Age of the Platform (his 4th book). We cover a range of business partnership issues including: What prompted me […]

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“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 […]

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Post image for Basic Training: Where, O Where, Have My Partnership Tax Returns Gone?

When leaving a business partnership, entrepreneurs often overlook the fact that untangling the details of the business can go on for months after the date of departure. Here’s one of the problems that can arise if you haven’t worked the appropriate safeguards into the exiting process: Q: We separated from our former business partner in the 3rd […]

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Post image for TweetChat on Business Partnerships with @SmallBizLady!

What do you want to know about business partnerships?  Join me and Melinda Emerson, The Small Biz Lady, for a TweetChat at 8pm (ET) on Wednesday, September 22nd.  I’ll be sharing my insights on business partners, what makes for a solid partnership, and what parts of the process you DON’T want to DIY.  Sign up for […]

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Few business partnership situations are as unpleasant as those involving family members. If you “kick the bum out,” will your brother run to Mommy and rat on you? Will you be able to show your face at Thanksgiving dinner if you’ve won the company but lost your family’s support? Read on for the Q&A from […]

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