November 11, 2017
I heard a sad story this week — a Tale of Two Business Partners. One made clothing designs; the other supplied the money. One was optimistic about the new awards she had won and where the business was going; the other wasn’t. One wanted to continue to move forward; the other wanted to wait and see what emerged from the efforts they had already put in. What happens next? It’s called stalemate, and especially where you have no written partnership agreement, the business is effectively . . . out of business. Not much you can do when the business owners can’t agree on on the fundamental direction of the company. Their options are: Find some sort of mediator, coach, objective third-party to help broker a way for the partners to work together Have one or the other partner buy the other out Dissolve the business Not very attractive options, and (2) and (3) could prove to be very costly. You deserve to be paid, protected, and prosperous. Kaufman Business Law can help get you there.…
Continue ReadingI love Fall. Back-to-school time. School supply shopping. Fond memories of walking across my leafy green Wellesley college campus with a knapsack full of notebooks. (Yes, I’m a nerd. And proud). One of my newer…
Read MoreDid you know …? … One of the best places to find a better way to run your business is by looking at how you work with your clients. Why? Because in my experience, many…
Read MoreThe portion of a partnership agreement that’s often referred to as a “buy-sell” agreement, can really help simplify matters if a business partner dies or becomes disabled. But is it really “the simple solution,” as…
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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.
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