business partnerships

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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Post image for Where Will You Be at 8pm ET Tomorrow?

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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Post image for Should You Do Business With Friends?

Adhere to the following 4 ground rules if you want to keep the friendship. Should you . . . or should you not . . . do business with friends? The short and obvious answer is: It depends. Whatever side of the deal you’re on–giver or receiver–here are some ground rules to consider: Only do business […]

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It’s such a good question.  (Although it’s usually asked this way:  How much equity should I give someone who wants to buy into my business? — which I think is the wrong question, for it assumes that you would want to do so). For a perspective on why you wouldn’t, check out this recent post […]

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Post image for The Partner Principle: Interview with Robert Tuchman

I was intrigued with what Robert Tuchman had to say about his experience with business partners–check out Chapter 5 (“The Partner Principle”) of Young Guns: The Fearless Entrepreneur’s Guide to Chasing Your Dreams and Breaking Out on Your Own. Especially as his is a success story. How rare is that? So I invited him back for a second […]

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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 […]

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I was interviewed earlier this week by a Canadian paper for comments on the latest cause celebre, the trial of former media magnate Canadian Conrad Black, for charges of racketeering, to mail fraud, and tax evasion. The trial opened in Chicago in mid-March.  The most interesting twist is that the government’s star witness is none […]

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