December 26, 2013
Entrepreneurs often ask me to create the “perfect one-page agreement.” Maybe they expect partnership agreements to be 3 pages . . . maybe 5 . . . but the expectation is that shorter is better. It ain’t. Ryan Roberts, The StartUp Lawyer, makes this excellent point in his post about agreements-in-brief: “[I]f a multiple-owner corporation’s bylaws are less than 7 pages, that tells me the corporation’s co-founders did not have enough discussion about how their corporation should be managed, operated, transferred, sold, or liquidated. Or worse, they did have the requisite discussion but failed to implement their discussion into their corporate documents.” Like not getting a marital prenup because you don’t want to think about divorce before the wedding, not having a well thought out partnership agreement is akin to sticking your head in the sand like an ostrich. Statistically, about 70% of all business partnerships end in “divorce.” You can’t avoid these issues if you don’t talk about them: what you avoid is the opportunity to come up with fair and creative solutions to…
Continue ReadingFrom north of the border (Canada) comes some really great advice to help get you jazzed for the upcoming holidays: Find things to celebrate! Yes, you may already be looking back on 2009 as a…
Read More“We’re like lobsters,” said Nancy. “If we don’t grow, we die.” Nancy and I are at a speaking workshop in Orlando, led by world-renowned speaker Les Brown. We’ve been through 8 straight hours of drills,…
Read MoreI’ve had a number of entrepreneurs come to me recently needing to make major changes in their business. Namely, they want out. Either they want to get rid of their business partner, their business partner…
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I know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.
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