July 28, 2014
Reproduced from my weekly ezine, LexAppeal: So you’ve decided that a business partnership is for you. And you have the support of your “very silent” partner (that is, your life partner. Now’s the time to make sure that you cover the bases in your partnership agreement. Sorry to say, but business partnerships have an abysmal failure rate. Higher than the national divorce rate, I might add. One of the major failure factors is not having worked out a partnership agreement and put it in writing. The excuses sing like a common refrain: “But it’s expensive!” “We know each other well – why worry?” “Why focus on the demise of the company? We want it to do well!” The process of putting together a partnership agreement is a key component in your business success, for it encourages (forces) you to come to terms with vital operational issues. Here are the 4Ms that any basic partnership (or shareholders’ or operating) agreement should address: Management. Who is responsible for which “departments” in your company? Finance? Marketing? Internal operations?…
Continue ReadingDon’t ask me where the time has flown! My computer crashed on Friday the 7th, so my trusty tech support, ZEI Ltd., commandeered the machine for the day. Over the weekend, I celebrated my brother…
Read MoreBill the Bull stares at me with brown glassy eyes. He sits forlornly in the middle of a large, padded basement pen in a dark midtown NYC restaurant. The damp hint of stale beer gently…
Read MoreWell, it seems that even the powerful get duped in their dealings. From the Washington Post, comes the story of Hunter and James Biden, sons of Sen. Joseph R. Biden Jr. (D-Del.), who are suing…
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