Disputes

It seems counterintuitive, doesn’t it, to prepare for the end when you are just beginning your business. But, as former President Dwight Eisenhower was known to say, “if you fail to plan, you plan to fail.” You need to have an ultimate goal when starting your business–whatever that goal may be. It could be: To provide […]

{ 0 comments }

Have you ever known a family that doesn’t have a fight . . . about something?  It could be about “who’s hosting Thanksgiving,” “who slighted whom,” or “how to run our business.”  In his article, Resolving Disputes in Family Businesses, David Gage points out that: A family business is really three distinct but intricately related systems: Family, […]

{ 3 comments }

When business partners go their separate ways, well, it’s a lot like divorce.  There’s the temptation to squibble over “Who gets the cat?” “Who gets the couch?” But unless you’ve clearly outlined in your partnership agreement which of your marbles you’ll get to take home with you when the game is over, you could be […]

{ 0 comments }

More and more, courts are agreeing that email is a perfectly fine way to create a contract . . . or modify one you already have.  This 2008 case from New York, as reported by Brian Beckham, indicates that New York has certainly gotten on that bandwagon. “It’s about time,” some of you may say. […]

{ 0 comments }

Need to terminate? Take these five steps first. They say that “breaking up is hard to do,” and that certainly applies to giving an employee the heave-ho. Few business owners relish the conflict, the guilt and the fear of reprisal that often accompany the act of firing an employee. But sometimes you reach the point […]

{ 0 comments }

Horror of horrors!  You’re stuck in a business partnership with NO agreement.  You have to get out . . . or get the others out before you go postal and end up in a prison of a different sort.  What can you do? Kathleen Ryan O’Connor answers that very question in Forbes Small Business. After a […]

{ 0 comments }

Q.:  I started an LLC in the state of Arizona with two partners. After a year in business I am choosing to take another path and I am attempting to separate my legal liabilities. We initially signed a three-year lease with personal guarantees and currently have 23 months remaining. I am trying to figure out […]

{ 0 comments }

Q.:  Can a business partner be charged with embezzlement? My husband owns a business along with a partner whom he went to school with. The are equal partners. We have discovered this year he had a $10,000 cashiers check issued to himself from a business loan that acts as a checkings plus account. He also […]

{ 0 comments }

Q.:  I’ve invested money into our business and I feel like my partner is trying to cheat me out of my money. I have not said anything because I do not have proof. So I need help to figure out what I can do to guard my back. Our paper work is on the way, […]

{ 1 comment }

I’m not trying to give your business partnership the evil eye–I’m just saying that you’d be wise to think about what would happen if you (or your partner) needed to leave the business.  How would you handle the details?  What would you pay for the ownership interest? Who has the rights to the intellectual property […]

{ 0 comments }