business partnerships

The article “Protect Your Business and Your Family” raised a valid point — that partnerships are not eternal.  But the point is not an obvious one. Many business owners I know and advise refer to their “business partner” as the person with whom they own a business.  The business may take the legal form of a […]

{ 0 comments }

Post image for Extra! Extra! Lex Appeal Provides Partnership Tips for February!

A gentle nudge for those of you who are not subscribers to my now-weekly ezine, Lex Appeal.  For the month of February, I’ll be providing weekly tips on business partnership issues including: Are you partnership material? Do you have your life partner’s buy-in for your business plans? The 4Ms of partnership agreement basics Signs that […]

{ 0 comments }

Entrepreneurs who want to raise capital from angel investors really need to consider the process from the angel’s point of view. Every audience you’re trying to sway needs to be able to see “what’s in it for them”.  I’ve heard people quip that the most popular radio station in the world is WIIFM–“What’s In It […]

{ 0 comments }

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 […]

{ 0 comments }

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 […]

{ 0 comments }

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 […]

{ 1 comment }

Yet another handy Q&A from Forbes Small Business, and this one featuring my colleague, Marian Banker.  🙂  What do you do when your company has expansion plans, but one of the partners refuses to co-sign a loan for the necessary funds? Other than a long, hard discussion with your partner about being aligned on goals, […]

{ 0 comments }

I’ve written a lot about choosing the right business partner, but as I was trolling the Internet, perusing article on the numbers of people laid off and contemplating entrepreneurship (whether by choice or by default), the thought struck me: Your “home office” environment is a huge factor in the success (or failure) of your enterprise.  Melinda […]

{ 1 comment }

OK, so I’m somewhat biased, but I think lawyers can make for great business partners.  We have a knack for detail-orientation that many entrepreneurs would rather gloss over.  We’re careful, read everything, and tend to be risk averse.  A perfect foil for the stereotypically free-spirited business owner. But sometimes, it’s not such a good idea, […]

{ 0 comments }

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!

{ 0 comments }

Page 1 of 912345...