“q & a”

Post image for Basic Training: A is for Adolescent

Ah, youth. I wish I had been so motivated to change the world when I was a teen. I was more concerned with how geeky I looked in braces and participating in nerdy things like student government. Here’s how this week’s teen wants to make a difference: Q: I am trying to start up a […]

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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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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 Basic Training: I is for I Gotta Get Outta This Lease

This week’s basic training deals with a situation becoming all too common these days: Business stinks, and you just want out. To close the door, turn the keys over to the landlord and just walk away. Q.: How can I give keys back to landlord, and for them not to sue me? Small shop in […]

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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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Post image for Basic Training: E is for Exposure

Remember the days when real estate seemed invincible, defying the laws of gravity? Well, the joke’s on us, and now many real estate investors are scrambling to dump their properties so that they don’t go down the valuation toilet with them. Q: I bought some property and put 25 percent down; the owner financed the […]

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Q.:  What is sweat equity and how does it work? My husband has recently started a new job where the salary is $50,000; however, he only takes home $25,000. The other half is going into sweat equity. Is this a normal practice and how might my husband benefit from this?   Read on to find […]

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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, […]

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Post image for Basic Training: About Presidents

In light of this week’s national “activities,” here’s a question about presidents–of corporations, that is. Q.: Can you change the president of a corporation? And if the president dies, who takes over? A.: Sure you can change the president of a corporation. But, like our national government, you have to have an election. And if […]

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