by Nina L. Kaufman, Esq. on January 2, 2019

Do you want to Hangout … or hang yourself? [VIDEO]

The clock is ticking … I have to be on a Google® hangout call in 30 minutes. Here’s the problem: every time I try to either host or participate in a hangout, I run into technical snafus. I’m stressed beyond belief, not just because I can’t figure out how to get onto the damn call […]

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by Nina L. Kaufman, Esq. on December 30, 2018

Should you invest in your dopey nephew’s business?

Ever been hit up to invest in a friend’s or family member’s business? Is it wise to do so—given that you know them so well? What steps should you take when asked to invest (or lend money for) a loved one’s business? Tune in to Wall Street Journal Radio, where I sit down with Veronica […]

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by on December 27, 2018

Basic Training: About Presidents

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In light of this week’s national “activities,” here’s a question about presidents–of corporations, that is. Q.: Can you change the president of a corporation? And if the president dies, who takes over? A.: Sure you can change the president of a corporation. But, like our national government, you have to have an election. And if […]

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Entrepreneurs approach the business planning stage differently.  Some need to cross every “T” and dot every “I” — not a bad approach if you’re seeking financing from sources outside yourself.  Others find are a little more relaxed about it.  As Harry Karanja, a web cafe entrepreneur in Nairobi, Kenya, described his thought process: My preferred […]

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After a couple of weeks of strategic planning, I’m once again ready to put first things first. Good thing, too, as the New Year is upon us. It was a conversation with Joyce Bone, Founder & COM (Chief Operating Mom) of MillionaireMoms.com, a few months ago that made me realize that I had gotten off […]

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by on December 18, 2018

Welcome to ‘Basic Training’

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Atten-SHUN! Welcome to “Basic Training,” a new spin on legal issues that I’m introducing. We all know that entrepreneurship is not a smooth ride. There’s no magic bullet, no “instant formula” to which you can just add water and–POOF!–find you have a fully grown and functioning company. Entrepreneurs ask me legal (and quite a few […]

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by Nina L. Kaufman, Esq. on December 15, 2018

How Can Your Accountant Boost Your Profits?

Now that tax season is done done done, (yes, I filed on extension), I wanted to give a shout-out to the people who made that process relatively painless: my accountants.  They have certainly saved my bacon on more than one occasion. By keeping a watchful eye and working with me proactively, we were able to […]

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by Nina L. Kaufman, Esq. on December 12, 2018

Using key man policies as a business partnership benefit

Q.: We are setting up key man insurance policies, and one of the spouses asked whether the business could pay for the family’s term life insurance policy as a benefit from the business.  Can a partnership use a partner’s family term life insurance policy as a business expense, with the intention of using the policy […]

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Family.  You can’t live with them; can’t live without them; most assuredly, want to pull your hair out working with them (sometimes). Family businesses are delicate creatures, and as James Lea (via Marian Banker’s blog) points out, trying to effect positive change takes honesty, courage, and willingness–characteristics often in short supply. I briefly worked with […]

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by on December 6, 2018

Rewarding Bad Bahavior

“If it ain’t broke, don’t fix it,” is the attitude many entrepreneurs bring to their business partnerships.  If you’re turning a profit, who cares if it’s done by treating your partner badly, or by your sacrificing weekend after weekend to churn out the work? You should. As Alexander Stein points out in his Fortune Small […]

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