business partnerships

I was interviewed earlier this week by a Canadian paper for comments on the latest cause celebre, the trial of former media magnate Canadian Conrad Black, for charges of racketeering, to mail fraud, and tax evasion. The trial opened in Chicago in mid-March.  The most interesting twist is that the government’s star witness is none […]

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Q.:  I’ve invested money into our business and I feel like my partner is trying to cheat me out of my money. I have not said anything because I do not have proof. So I need help to figure out what I can do to guard my back. Our paper work is on the way, […]

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I’m not trying to give your business partnership the evil eye–I’m just saying that you’d be wise to think about what would happen if you (or your partner) needed to leave the business.  How would you handle the details?  What would you pay for the ownership interest? Who has the rights to the intellectual property […]

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Got a call from a non-business-lawyer colleague about a potential referral.  It went something like this: “Do you handle business formation issues?” he asked. “Sure,” I replied, “Corporations, LLCs–what’s the issue?” “Do you do more than just the buy-sell stuff?” he asked, this time more hesitantly. “What do you mean?” I asked, starting to woder […]

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“If it ain’t broke, don’t fix it,” is the attitude many entrepreneurs bring to their business partnerships.  If you’re turning a profit, who cares if it’s done by treating your partner badly, or by your sacrificing weekend after weekend to churn out the work? You should. As Alexander Stein points out in his Fortune Small […]

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From the Benefits-Outweigh-Burdens Department:  Rob Smorfitt, a serial entrepreneur, small business blogger, and Ph.D. candidate in South Africa, has looked into (and lived through) many business partnerships.  His research indicates that partnerships are a key factor in both entrepreneurial success and (perhaps even) personal stress reduction.  Read his post to find out more!

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Many thanks to Matt Bacak for pointing out two important aspects of evaluating a business partnership opportunity — things that many entrepreneurs overlook: First, If you are looking to establish a business partnership or seeking out a business opportunity, we all know how important it is to look at how much money you are going […]

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Sometimes, a break from routine is a good thing. Had Ari Weinzweig not allowed his business partner, Paul Saginaw, to drag him away from his normal business routine, the Zingerman’s Deli of Ann Arbor might not have reached its $20 million target ahead of schedule.  Saginaw impressed upon Weinzweig the need to step out of […]

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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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Reproduced from my weekly ezine, LexAppeal: As I mentioned last week, business partnerships are delicate creatures.Like Japanese maple trees, you need to plant them in the right soil, protect them from harmful pests, and tend them carefully.Any one of these factors could cause the tree to wither and die. As the proverbial gardener of your […]

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