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Many people have started a business partnership (or limited liability company) with at least one other person. According to the IRS, that’s at least 14 million people. And that doesn’t include those who have started small corporations with other owners – which could easily double that figure. But according to AssociatedContent.com, up to 70% of […]
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Bill the Bull stares at me with brown glassy eyes. He sits forlornly in the middle of a large, padded basement pen in a dark midtown NYC restaurant. The damp hint of stale beer gently lingers in the air. His sad face beckons “Play with me! Play with me!” The nearly-empty room ignores him. (It […]
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It’s an unfortunate aspect of American life that you can’t stop someone from bringing a frivolous lawsuit. Even some politicians have recognized the ways in which frivolous lawsuits can hamper America’s small businesses, and proposed legislation just last year — most notably, the “Frivolous Lawsuit Prevention Act of 2009” (S. 603), which apparently died in […]
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Who said partnerships were easy? Part of the challenge is structuring your company so that it can function well in your absence — especially if that absence is a prolonged one . . . like, because of your death. What happens to the employees? What happens to your clients? As Jason Knott points out in […]
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Copyright law developed over many years, from a time when the only way to distribute a book was to make physical copies through a printing press and sell them person to person. The core thinking behind the law was that the person who came up with the creativity should be the only one to benefit […]
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In all my years dealing with contract disputes, I found that “not getting what they expected” is one of the top three reasons clients don’t pay. But, like Freud asked about women, “What do clients want?” If you are a freelancer or independent professional providing services (especially to other business owners), take heed. Managing expectations […]
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Women are the fastest growing segment of business owners in the United States. Terrific for economic growth in our country, but wait! There’s a caveat: compared to male business owners, women entrepreneurs tend to have smaller companies, generate less revenue and employ fewer people. So what’s holding them back? Tune in to these episodes of […]
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“It’s 46 degrees!” Joe squeals, on hearing the weather report. (To the extent that a grown man and former champion power lifter would actually squeal). “Let’s go to the beach!” “Why?” I ask, maybe a little condescendingly. “The Polar Bears are there!” he replies. Sigh. The beach? Okay, so it’s a little warm for early […]
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When is the right time to protect an idea? “About 10 minutes before someobody else tries to use it,” quipped an intellectual property attorney I know. Budding entrepreneurs can become fixated on protecting their Next Great Idea. But, as Whitney Keyes points out in her post, “Avoiding Privacy Paralysis,” there’s a fine line to be […]
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On a bleak January morning a few years ago, I got a call at 8:47. My husband’s Uncle Jimmy had died. James V. McGuinness was a New York City beat cop for many years, a dutiful (and hard-nosed) father of 5, with a dry sense of humor and a wide smile (when you could coax it […]
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Taking on a business partner is not a decision to be made lightly. It’s much like getting married. With the tools provided to you in The Entrepreneur’s Prenup you will always have the partnership guidance you need, regardless of where you are in your partnership process.
Nina in the Media