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Appeasing an Ex-Business Partner When You’re Doing the Exiting

Appeasing an Ex-Business Partner When You’re Doing the Exiting

By Nina Kaufman, Esq.

In a question that seems more appropriate for The Ethicist (the New York Times Sunday Magazine’s Q&A column on ethical issues), David Eddie from the Globe and Mail presents the following scenario: [After 15 years of slaving in someone else’s business], about a year ago, I convinced a colleague to quit and team up with me to start our own business.  I was just approached by an established company . . . [and given] an [outrageously abundant] offer I couldn’t refuse.  So I accepted it, but now my business partner’s furious . . . what do you think I actually owe this guy? [Click on this link for the answer and comments] I have found that one of the most significant issues that business partners shy away from discussing is “exit strategies.”  The reasons for someone’s leaving an entrepreneurial venture don’t have to be based on rancor or mistrust.  Sometimes, life just happens:  a new baby arrives; a parent needs care; an accident or illness forces a long-term disability.  Or, you have a change of heart,…

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Nina Kaufman

Flying solo doesn’t have to mean going it alone.

I’m Nina Kaufman.

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.

With wide-ranging experience as a business attorney, strategist, and media authority, I bring the added power of a business lens to the legal issues my clients are facing.

And because I’ve been a business owner myself, I’ve lived through the soaring highs and devastating lows – like when my first law firm failed. So I understand what’s involved to serve great clients, detect business risks early and build a true legacy.

I can’t get those 12 years back. That’s why I have made it my mission to ensure that business professionals like you can become wise and discerning leaders, build a solid business, and live your best life.