pitfalls to avoid

Here’s one last issue that Chris Mercer raised in his Buy/Sell Agreements book that I want to share with you. Once you have (1) decided when an event triggers a buyout, and (2) computed how you’ll fund the purchase, you need to determine who gets to make the purchase and how you’ll come up with the […]


Post image for Doing Business with Nonprofits: Part 2

There’s more to doing business with your nonprofit organization than just the disclosure required for “interested transactions” and avoiding a conflict of interest when making decisions on the organization’s behalf. As a board member, your status is similar to a trustee. The organization’s money is not yours to spend as you please. You are a […]

{ 1 comment }

Post image for How "Piercing the Corporate Veil" Pierces Your Pocketbook

Have you ever felt “forced” to do something you really don’t want to do? Attending a family function for your in-laws, contributing to a particular charity you don’t care about for a colleague, sitting through Wagner’s Ring Cycle (or a WWE wrestling match) for your significant other–all come to mind. Now imagine if you had […]


I’ve been saying this for a while: if you’re want to play in the Internet ballpark, you have to learn the rules. In his recent post, 5 East Ways to Get Sued on Facebook, Jonathan Bailey of Plagiarism Today clearly outlines, as the title promises, five ways you can get yourself in trouble on Facebook. You […]


Post image for Your ‘Contractor’ Might Be an Employee

The amount of control you have over your workers affects their legal definition. Entrepreneurs continually face an age-old conundrum: You can’t grow your company without hiring more people. But you can’t hire anyone until the company has grown enough to afford employees. That’s why independent contractors are often an attractive option. They save business owners […]


Strategic alliances, joint ventures, collaborations . . . whatever you want to call them . . . are very delicate creatures.  Like other relationships, your “intended” wants to feel special, wants to be comforted in the knowledge that there is a meaningful reason your two companies have come together.  You don’t want to find out […]


Post image for When Friends and Family Finance Your Business

Don’t get sloppy: Handle transactions properly to preserve your personal ties. You’re ready to launch your new business. Your credit cards are tapped out, you rent your apartment (making you ineligible for a home equity line of credit), your personal credit’s less than stellar and your bank is not interested in lending you money for […]


Post image for Avoiding Employees from Hell

You’ve either had them or have worked with them: the employees from hell. They tend to do very little productive work and spend their time making a nuisance of themselves. And they know just enough about the law to “play the game.” They have you boxed into a corner so that you can’t fire them […]


Post image for 3 Online Business Mistakes to Avoid

Despite the popular myth, cyberspace isn’t the Wild West. Know the rules and protect yourself. You have a brilliant idea at 3 a.m on a Saturday. You turn on the computer, access the internet and register your domain name. Over the next 24 hours, you set up a PayPal account, get a template website, slap up […]


Post image for An Independent Contractor By Any Other Name . . . .

In light of our just-celebrated Labor Day, I thought I’€™d share a little something about the dangerous games that small business owners play when, in essence, they hire employees and pay them as independent contractors. From Shakespeare’s Romeo and Juliet, 1594: What’s in a name? that which we call a rose By any other name […]