business partnerships

My uncle has a favorite story from his childhood — those halcyon days before the advent of Nintendo, Game Boy, and Play Station.  In the woods behind his house, he found a large stick.  Some days, the stick was a sword.  Other days, it was a gun.  At rare moments, it served as a periscope.  […]

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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, […]

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OK, I’m not going to gripe and ask why I’m not on Trump University’s faculty when I see someone else blogging about business partnerships.    Clearly, Randal Pinkett, PhD, is tighter with “The Donald” than I am (which is to say, I have no connection to Donald Trump unless I wanted to play 6 Degrees […]

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From my partnership teleseminar partner, Marian Banker, here is a handy article entitled “7 Tips for a Business Partnership That Works.”  It outlines 7 important steps to establish so that the partnership starts strong and stays strong. What’s the 8th tip?  Coming from a lawyer (me!):  “Get it in writing!”   🙂 For more helpful tips and tools, […]

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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 […]

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I’m seeing many pixels devoted to the downfall of Charles Patton, a partner and music producer for rapper Lupe Fiasco’s “1st and 15th” record label.  I have to confess to not being a devotee of rap music, or even having heard of Lupe Fiasco (or Charles Patton) before the reports started coming in . . . […]

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If you have any inclination to work with a business partner, I hope you’ll be joining me for my FREE Entrepreneur’s Prenup teleseminar.  It’s easy to identify the high points, but the low points tend to get glossed over.  Learn what they are so that you can avoid them!  Sign up today!

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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 […]

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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 […]

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From Daneen Skube, Ph.D., in the Seattle Times came this question-and-answer about business partnership: <<Q. I’m thinking of going into business partnership with my friend. Is there any question I should consider to help me make a decision? A: Yes — would you marry your friend? Marriages are not the only unions that have a bad […]

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