June 27, 2015
My Sunday mornings begin . . . at the end. Of the New York Times Magazine, that is. I’ll peruse the Lives column, for stories about, well, people’s lives. Then, I’ll jump to the front of the magazine and indulge in an “educational minute” with William Safire’s column On Language. Before I move on to fun and games with the Sunday crossword puzzle (jumping again to the back of the magazine), I’ll stop to read Randy Cohen’s column, The Ethicist. A couple of Sundays ago, he had an interesting tidbit about business partners. What happens when you’re in a failing business and one of the partners chooses to go bankrupt, leaving the other holding the bag for the business debts? The non-bankrupt partner wanted the bankrupt partner to pay for half. What’s the ethical response? Cohen’s response was, in a nutshell, “too bad so sad.” And he’s not far wrong, as a legal response, although his answer is a little like the way that TV detectives solve crime mysteries without giving you all the facts. He’s right…
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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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