Post image for The Partner Principle: Interview with Robert Tuchman

I was intrigued with what Robert Tuchman had to say about his experience with business partners–check out Chapter 5 (“The Partner Principle”) of Young Guns: The Fearless Entrepreneur’s Guide to Chasing Your Dreams and Breaking Out on Your Own. Especially as his is a success story. How rare is that? So I invited him back for a second […]

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You spend months creating a product, designing a website, and having copy written and tested. You spend countless hours schmoozing joint venture partners. Then your launch day comes, you “push the button” and… The silence from lack of orders is deafening. Welcome to the persnickety world of joint ventures — in this context, more accurately […]

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Q.:  Can a business partner be charged with embezzlement? My husband owns a business along with a partner whom he went to school with. The are equal partners. We have discovered this year he had a $10,000 cashiers check issued to himself from a business loan that acts as a checkings plus account. He also […]

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by on September 2, 2019

Good Partner Material?

From north of the border, here’s a piece from Canada’s Globe and Mail, the features that perspicacious legal mind and great blogging whiz . . . ME!    The author, Sarah Hampson, writes about how business partner relationships can be like romantic partner relationships . . . and, in light of the Conrad Black trial, […]

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by on August 30, 2019

Developing Good Business Credit

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Business credit doesn’t happen on its own–and as business owners, we need it now more than ever.  This E-Myth podcast, featuring Trent Lee of Corporate Credit Concepts, talks about how to establish your business credit and ways that you take an active role in doing so.

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Post image for 50 Ways For Small Businesses To Save Money

Making it through these challenging economic times is not just about ensuring an income (or cash) stream—it’ll also take economizing where you can.  This article from Entrepreneur.com provides 50 handy ways to save money in these clever categories: Penny-pinching promotions Internet ideas Location logic Office overhead Insurance intelligence Employee economics Shipping savings Tax tactics Financial […]

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Post image for Even the Big Players Complain About Legal Bills

Everyone has a favorite “whipping boy,” and for entrepreneurs, lawyers and legal fees often fill that role.  Sigh. Well, entrepreneurs, you’re not alone.Seems a study of in-house and general counsel of major corporations in the UK have a similar gripe–in particular, that the bills are padded with junior associate time.There are ways to handle the legal fee […]

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by Nina L. Kaufman, Esq. on August 21, 2019

What company financial reports does an LLC need?

Q.:  What kind of financial reports are minimally required of an LLC, and how often should they be made available to the partners?   A.:  Minimally, LLCs are required to file annual tax returns for their company financial reports and the members (owners) of an LLC would receive a copy of Form K-1, which is […]

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by on August 18, 2019

Doing Your Due Diligence

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Contrary to the impression of some, due diligence is not about spying or schnuckling around trying to dig up dirt on a potential business or alliance partner.  It’s sound business practice, all horror stories aside. So what kind of steps can you take?  As a first step, here’s a really helpful article by Frank Bruno […]

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Post image for When Can Napkin Notes Become a Binding Contract . . .?

A written contract doesn’t have to be filled with legal mumbo-jumbo in order to bind your business. That was a hard lesson learned by a Missouri company, in the case of Baum v. Helget Gas Products, Inc. In the Baum case, the prospective employee (Baum) took copious notes during his interview, including descriptions of salary, […]

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Nina in the Media