Q.: I own 51 percent of an LLC. If I plan to split with my business partner what am I responsible to pay him?   Read on to find out . . . !

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At some point in their business planning, most entrepreneurs wonder: “How can I protect myself if things go awry?” Even if they have few personal assets, they may want to avoid the possibility of seeing their name in the caption of a lawsuit, for how can you concentrate on business with that looming over your […]

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Picture this: You’re sitting at your favorite watering hole with a gal pal (or guy friend) and are totally charged because you came up with an a-m-a-z-i-n-g new idea for a product. So amazing you cannot believe it. It fills a void in the market, it’s easy to ramp up, your brain is already brimming […]

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by on April 25, 2018

When Partnerships Turn Sour

Reproduced from my weekly ezine, LexAppeal: As I mentioned last week, business partnerships are delicate creatures.Like Japanese maple trees, you need to plant them in the right soil, protect them from harmful pests, and tend them carefully.Any one of these factors could cause the tree to wither and die. As the proverbial gardener of your […]

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In my opinion, there are few more delectable words in the English language than . . . chocolate.    So it’s with great enjoyment that I learned of the sweet new strategic supply and innovation alliance between The Hershey Company and Barry Callebaut.  The companies will collaborate on a number of activities including the construction […]

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by Nina L. Kaufman, Esq. on April 19, 2018

Learn to Delegate

If you look up the definition of “control freak” in the dictionary, you’ll probably find my picture.  It’s not in my nature to delegate—and the same often holds true for business owners in general.  Many are fiercely independent … but there comes a point when that ferocity prevents success – if it keeps you from […]

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You’ve felt that glimmer of the Divine impulse – that insistent idea whispering in your ear saying: “start a business . . . start a business . . . .” You have experience in your field. You’ve done your homework on determining the right clients for you, where you’d want to locate the business, who […]

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by Nina L. Kaufman, Esq. on April 10, 2018

25 Most Influential Women Tweeting about Entrepreneurship

In her post, “The 25 Most Influential Women Tweeting about Entrepreneurship,” Holly Reisem Hanna raises a curious point:  When we look at, or think to create, a “Best” list, why do so few women appear?  [Except, of course, situations like her list, where she specifically sought out women].  And nu? The Peer Index of several […]

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A simple solution? Who says there’s a problem with verbal agreements? As a lawyer who has had to litigate contract cases involving verbal agreements, I say, “I do.” Do you remember playing the game “telephone” as a kid? Where you are supposed to repeat the exact phrase that the person on your left whispers into […]

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Post image for Business Law Basics: Contract Essentials

Today, I feel vindicated. I just came across Laura Bell’s post, “Business Law Basics,” which reminds me of my apartment after it’s cleaned: neat, fresh and pleasant. Her point, delivered gently, is that too many entrepreneurs do deals without having a written contract. It’s like bringing a knife to a gunfight: You may be prepared […]

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Nina in the Media