Why bother? Yes, some companies can cover many of their potential business risks with insurance. But in my opinion, if you intend to go into business, you should intend to form a separate entity. Create a plan and a budget that encompasses those costs. The risks to your personal assets and to your business growth […]

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When I first heard David Greer’s story, I started to salivate. Not at the acrimony that created the situation, but at the end result:  a two-year Mediteranean cruise with his family! But it could not have happened had David not been willing to follow the advice of his attorney and sign a shareholders’ agreement for […]

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by Nina L. Kaufman, Esq. on March 9, 2019

When business divorce gets personal

Marisa sat at the dimly-lit bar, a chilled glass of Chardonnay in front of her. She drank deeply. It had been a rough day. She needed a break. Her business partner, Alejandro, had made a mess of things again. Failed to meet his promised sales targets. “Was too busy” to send out responses to RFPs. […]

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I’m a big fan of attorney Ryan Roberts and his StartUp Lawyer blog, and just couldn’t resist the title of his recent post, “Saks Does Not Take Restricted Stock.” He touches on the need to uncover the tolerance level of your business partner’s spouse/significant other for the uncertain time of sacrifice ahead. It’s similar to […]

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by Nina L. Kaufman, Esq. on February 28, 2019

Want a turnkey business?

  “When you’re not fishing, be mending the nets.” ~ Irish proverb I look down at my Staples® five-subject spiral notebook, slowly filling with notes and ideas and jottings about how I run my business. Summer is usually a quiet time for my business. It gives me time to “mend the nets.” To look carefully […]

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According to a report this past Thursday at CNNMoney.com, Sara Lee is selling its stake in a Mexican joint venture to its joint venture partner.  Although reports are sketchy, reasons include “closer focus on core brands” and ” “ongoing efforts to streamline business.” That’s why a clear exit strategy — whatever the partnering relationship — […]

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by on February 22, 2019

Investing in the Right Investor

A while back, I wrote an article entitled “Investing in the Right Investors,” where I talked about the importance of having the right fit.  Just as you would want to have with a business partner who’s actively involved in the company. My colleague, David Greer (who knows a thing or two about investors and investing) […]

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by on February 19, 2019

New Employee Notifications for New York

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My colleague, Deborah Shapiro, Esq., reminded me of a recent change to New York State employment law. In short, beginning October 26, 2009, New York employers must inform newly hired employees in writing, at the time of hiring, of their pay rate, regular payday and, if eligible for overtime, regular hourly rate and overtime rate.  […]

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Post image for More Legal Perils in the Social Media World (Web 2.0)

In some ways, the Internet is the Wild West . . . and Web 2.0 is like the Wild West meets the Sci-Fi Channel — unpredictable, potentially dangerous, and often bizarre. If you’re involved in, or thinking about, doing business online at all, the Electronic Frontier Foundation is a great resource. They’re even hosting a […]

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by on February 13, 2019

How to Say Goodbye to an Employee

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If last week’s post about awkward work situations wasn’t enough, firing an employee probably has to top the discomfort charts. It may be justified (the employee was cooking the books) or necessary (sales are down 40 percent because of the economy, so you need to downsize) . . . but it’s rarely a task that […]

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Nina in the Media