“q & a”

Post image for Basic Training: J is for Just Keep Your Hands Off of Other People’s IP!

There are times when I start to sound like my mother, scolding my brother for messing about with other kids’ toys. “That doesn’t belong to you! No, you may not have it!” One of those times is when I’m asked, “Can I just take someone else’s product/stuff/idea/design and sell it?” The short answer is NO. […]

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Q.:  Can a business partner be charged with embezzlement? My husband owns a business along with a partner whom he went to school with. The are equal partners. We have discovered this year he had a $10,000 cashiers check issued to himself from a business loan that acts as a checkings plus account. He also […]

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Q.:  I’ve formed a small company with my business partner.  We’ve both brought concepts, taglines, logos, etc. to the business.  Who owns the intellectual property?  I say neither of us — the business does.  My partner disagrees and has her own ideas. A.:  It depends on what your partnership agreement says. Q.:  We don’t have […]

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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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Post image for Basic Training: I Gotta Be Thankful . . .

My husband and I don’t always see eye-to-eye. He’s an easygoing (albeit highly professional) personal trainer; I’m an uptight, brainy attorney. But in this season of Thanksgiving, I am supremely thankful for my husband . . . especially that he has not gotten himself into some of the harebrained schemes and ideas that some of […]

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Post image for Basic Training: When to Acknowledge You’re SOL

There’s an old expression: No point closing the stable door after the horse has bolted. In short, you should have taken care of this beforehand, and now it’s too late. Those kinds of situations arise often when entrepreneurs share their ideas. They’re so hot to trot for the concept they developed on a shoestring to […]

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Post image for Basic Training: About Business Partners

This week’s training is what I call “partner training” (sometimes not unlike potty training). What can we expect from our business partners (Reasonably, that is)? Q.: Are there time and performance standards for entrepreneurs starting a business? How much of a time commitment would be expected for partners starting a business together? A.: For many […]

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Post image for Basic Training: I is for I Gotta Get Outta This Lease

This week’s basic training deals with a situation becoming all too common these days: Business stinks, and you just want out. To close the door, turn the keys over to the landlord and just walk away. Q.: How can I give keys back to landlord, and for them not to sue me? Small shop in […]

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Post image for Basic Training: Does Divorce Litigation Affect a Business Partnership?

It’s said that more than 40 percent of all marriages in this country end in divorce.  So there’s a not-insubstantial likelihood that your business could be affected by divorce . . . even if you’re not the one divorcing.  Here’s today’s query: Q:  My partner’s ex-wife is suing him for a large amount. Can it […]

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Post image for Basic Training: E is for Exposure

Remember the days when real estate seemed invincible, defying the laws of gravity? Well, the joke’s on us, and now many real estate investors are scrambling to dump their properties so that they don’t go down the valuation toilet with them. Q: I bought some property and put 25 percent down; the owner financed the […]

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