May 18, 2021
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 all business partnerships do not last. That means that less than 1 in 2 business partnerships have the potential to work out for the long haul. The numbers may be depressing, but they don’t have to paralyze you from moving forward with another business owner. A business partnership differs from a personal relationship/partnership in one important, fundamental way: It’s just business. You can prepare for a split in your business partnership with a lot less emotional upheaval than you might in a personal relationship. This is where partnership agreements come in. Partnership agreements – whether they are (officially) shareholder agreements for a corporation or operating agreements for LLCs – give you an opportunity to decide with your business partner “what’s…
Continue ReadingAny time you accept money from someone else to help your business grow, you should put that relationship in writing. Many a lawsuit has been brought because of misunderstandings about (1) how much would be…
Read MoreToday’s post deals with the conundrum, how to account for business expenses without a company bank account, and how to set up a company without business funds? Q.: “I recently formed an LLC to create…
Read MoreGot a call from a non-business-lawyer colleague about a potential referral. It went something like this: “Do you handle business formation issues?” he asked. “Sure,” I replied, “Corporations, LLCs–what’s the issue?” “Do you do more…
Read More
I know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.
With wide-ranging experience as a business attorney, strategist, and media authority, I bring the added power of a business lens to the legal issues my clients are facing.
And because I’ve been a business owner myself, I’ve lived through the soaring highs and devastating lows – like when my first law firm failed. So I understand what’s involved to serve great clients, detect business risks early and build a true legacy.
I can’t get those 12 years back. That’s why I have made it my mission to ensure that business professionals like you can become wise and discerning leaders, build a solid business, and live your best life.
