Here’s one last issue that Chris Mercer raised in his Buy/Sell Agreements book that I want to share with you. Once you have (1) decided when an event triggers a buyout, and (2) computed how you’ll fund the purchase, you need to determine who gets to make the purchase and how you’ll come up with the […]

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by on October 7, 2018

The Benefits of WBE Certification

What if you found out about a huge untapped market for your products and services . . . a market of at least $200 billion?  A market eager to find reliable women-owned businesses to work with?  A market that has regular needs?  A market unlikely to disappear anytime soon?  Wouldn’t that market be worth a […]

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When business is going well, it’s easy to overlook the flaws and peccadilloes. Partly because we want to ride the prosperity wave. But when the wave crashes, and you’re dumped onto the beach with the seaweed, the broken shells, and the flannisters (you know, those plastic yokes that hold six-packs together), are you really shoulder-to-shoulder […]

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by Nina L. Kaufman, Esq. on October 1, 2018

Common Small Biz Legal Issues

Business law has become so complicated – how can you keep it all straight? Add to that the mountain of tasks that a small business needs to take care of – legal duties that you, as the business owner, may not even be aware of! That’s where an attorney can help, to ensure that your […]

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by Nina L. Kaufman, Esq. on September 28, 2018

Legal Lessons for Women Business Owners – Part 3

Owning a successful business takes lots of different knowledge and know-how to get it running smoothly—which includes avoiding risks.  Yet many entrepreneurs forge full steam ahead without professional legal advice … for a variety of reasons. Cost. Fear. Ego, to name a few. But without it, seemingly small missteps like “oops, my independent contractor should […]

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by on September 19, 2018

Pre-Partnership Rule of Thumb

From Ben Canosha’s blog, a good suggestion before starting a business with others: Before going into a partnership with someone, spend time with them in three different kinds of situations: a relaxing one, a competitive one, and an intellectually stimulating one. – Joan Kelly And as a model of collaboration, his new project, Business Rules of […]

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by on September 16, 2018

Keep Lawsuits Off Your Back

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The best way to handle a lawsuit is to avoid getting into one.  Rare is the small business that has the funds set aside to pay for the lawyers (and possible judgment) of a lost case–heck, these companies often can’t afford to pay their owners a regular salary! So how do you keep lawsuits off […]

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by Nina L. Kaufman, Esq. on September 13, 2018

[VIDEO] To share is unfair

Should you freely, readily, easily share your intellectual property? Does “share, share; that’s fair” apply to the board room as well as the dining room? Methinks not. This short video explains why. Am I being overly cautious? (No surprise, given my legal training). Or worse—selfish? (With a wink to Ayn Rand). Be sure to post […]

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Q.: What do you get when a U.S. consumer products and marketing powerhouse meets a Korean pharmaceutical company? A.:  A strategic alliance that uses a new model to improve health care. As reported in CNN Online, Proctor & Gamble is known more for its consumer items than for its pharmaceutical division (yes, they have one!).  […]

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by on September 7, 2018

Have Your Collections Policy Ready

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If you don’t want to get stiffed, know ahead of time how you plan to collect on overdue receivables. In any economy, there’s only one thing worse than not having work to do. That’s spending the time and effort to do the work . . . and still not getting paid. Frankly, I’d rather be sitting around […]

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