December 13, 2019
Sometimes, it seems, you do have to look a gift horse in the mouth. As Sarah Needleman points out in her Wall Street Journal article, “Taking a Partner Can Help… or Hinder,” a promise of cash can lead to problems of control. When half of all businesses that try to borrow money don’t get any or all of what they need, entrepreneurs are turning to investors to provide a needed lifeline. However, investors often want more than just a return on their money. They may demand control, or a strong voice in the business. Even if they don’t have the temperament or the skill sets (above and beyond a fat wallet) that the company needs. Entrepreneurs will enter into these shotgun arrangements, often because they’re desperate for cash. How to avoid the dissention? Well, one way is with solid financial planning. Filing a patent application or needing to stock up on inventory are not business transactions that should come as any surprise. If your cash reserves aren’t falling short, you won’t need a quickie cash infusion and…
Continue ReadingMarion and Ramon’s Small Business Summit http://www.primestrategies.com/communitysuccess.htm Have questions about working with Kaufman Business Law? This is the video to watch. Watch our Video
Read MoreLetters of intent can be dangerous things in the wrong hands. Also called memoranda of understanding, term sheets, or discussion sheets, a letter of intent (LOI) is a document that outlines an agreement between two…
Read MoreAs Seen In … Why did you start your company? If I had to guess, it could be for any number of reasons. Your boss was an idiot. You wanted to make a difference in…
Read More
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.
