by on August 14, 2018

Writing Off Business Bad Debt

Post image for Writing Off Business Bad Debt

It’s been said that “every silver lining has a cloud,” and that certainly applies to having business bad debt. In a number of cases, you can get a tax deduction and write off the bad debt against income. But the fact remains that, to get the write-off, the debt has to be uncollectible. Which means […]

{ 0 comments }

Read More

“Life is trouble; only death is not,” comments Zorba the Greek in the novel by Nikos Katzanzakis. I’ve heard many a business owner brag about the lack of complication that their sole proprietor status affords them. No messy ownership agreements, no separate filings or taxes, complete freedom and flexibility to do what you want when […]

{ 1 comment }

Read More
Post image for Raising Capital from Friends and Family

As access to credit gets tighter in the “new economy,” many business owners may look to friends and family to help them get through the lean times. Friends and family are a tried-and-true source of funds. That said, business deals with friends and family can be enormously counterintuitive. Because you’re dealing with your college roommate […]

{ 0 comments }

Read More

by Nina L. Kaufman, Esq. on August 2, 2018

Satisfy Customers to Survive and Prosper

Satisfied customers don’t grow on trees, ripe for the picking.  Yet without them, your company is doomed.  Most businesses models rely on repeat customers, customer referrals, or at least, the credibility of satisfied customer testimonials.  If you want your business to succeed and grow, it must attract and satisfy customers. Repeatedly. Seems pretty straightforward, but […]

{ 0 comments }

Read More

Naomi’s t-shirt business, Chic Couture, has blossomed, and her inventory has outgrown all possible nooks and crannies in her studio apartment. Ned writes website copy for corporate clients, and, with gym socks all over the floor, there’s no way he want to meet with them in his studio apartment. Noreen wants to start a dance […]

{ 0 comments }

Read More

by on July 27, 2018

A Lesson about Labor Day

Post image for A Lesson about Labor Day

The first Monday in September wasn’t always considered an official rest from work. According to the Department of Labor’s website, the first Labor Day holiday was celebrated on Tuesday, September 5, 1882, in New York City. Over time, the movement to recognize Labor Day grew–first with a handful of municipal ordinances, then state legislation. Finally, […]

{ 1 comment }

Read More

by Nina L. Kaufman, Esq. on July 24, 2018

Sadly, Your Company Must Have a Collections Policy

The first time it happened, I was shocked.  (Okay–naïve too, but shocked).  “What did I do wrong?” I wondered. “Wasn’t the client happy with the service I provided? After all, I swooped in, saved the day, and got them their pound of flesh. What’s going on?” It happened to me several times despite my best […]

{ 0 comments }

Read More

by Nina L. Kaufman, Esq. on July 21, 2018

SBA Small Business Week Awards 2011 Highlights

As a winner of the SBA’s Women in Business Champion of the Year Award during Small Business Week [see the press release here], I was invited (required?) to give a short speech.  3-5 minutes. Now I’m not one to shy away from an opportunity to address an audience (“kosher ham” that I am).  But the challenge […]

{ 1 comment }

Read More

Moving from home office to commercial space is a big leap in the life of a small business. The obligations you take on in a commercial lease can become your largest single monthly expense…and your largest single exposure to risk. Patricia found this out the hard way. Her fragrance and cosmetics business was growing. As […]

{ 0 comments }

Read More

Sometimes, a break from routine is a good thing. Had Ari Weinzweig not allowed his business partner, Paul Saginaw, to drag him away from his normal business routine, the Zingerman’s Deli of Ann Arbor might not have reached its $20 million target ahead of schedule.  Saginaw impressed upon Weinzweig the need to step out of […]

{ 0 comments }

Read More

Nina in the Media