September 26, 2019
It’s such a good question. (Although it’s usually asked this way: How much equity should I give someone who wants to buy into my business? — which I think is the wrong question, for it assumes that you would want to do so). For a perspective on why you wouldn’t, check out this recent post on Ask FSB (Fortune Small Business). It might also be worth considering a strategic alliance or independent contractor arrangement for a period of time — which could include a generous compensation but no equity. It’s a way of “dating before you marry” to see if your potential business partner (1) can really come up with the “goods” to merit an equity stake, and (2) is really the right fit (temperamentally, etc.) for you and your company. You deserve to be paid, protected, and prosperous. Kaufman Business Law can help get you there. Watch this short video to find out how. Watch our Video
Continue ReadingWhen you’re running your business, it’s easy to feel alone. Your spouse/significant other doesn’t get it. The kids are clamoring for attention. Employees think you’re Daddy Warbucks. Vendors and strategic partners are leaning on you.…
Read MoreHow many leads does it take to get you a sale? Reminds me of the classic commercial for Tootsie Pops: “How many licks does it take to get to the Tootsie roll center of a…
Read MoreFrom Daneen Skube, Ph.D., in the Seattle Times came this question-and-answer about business partnership: <<Q. I’m thinking of going into business partnership with my friend. Is there any question I should consider to help me make…
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