August 26, 2018
It’s said that more than 40 percent of all marriages in this country end in divorce. So there’s a not-insubstantial likelihood that your business could be affected by divorce . . . even if you’re not the one divorcing. Here’s today’s query: Q: My partner’s ex-wife is suing him for a large amount. Can it affect our business if my partner doesn’t pay on the due date? Also, I am thinking of buying the business from my partner. What are things I need to ask and sign? A: There is a possibility that your partner’s ex-wife’s lawsuit could cause a problem for your business. Among other ways, if she gets a judgment against your partner, she may be able to collect against your partner’s assets . . . and his ownership of the business is one of his assets. Make sure to review your partnership agreement (if you have one)–many of them provide that if the stock (or ownership interest) of one of the owners becomes subject to a lien or judgment, it triggers a…
Continue ReadingI don’t know what your experience was like voting in last week’s mid-term elections, but mine was truly dispiriting. Read my exclusive post on MyVenturePad.com to find out what went wrong and why I believe our…
Read MoreMy 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…
Read MoreIt’s not just business partners that can be unscrupulous, as the article “9 Ways to Keep Hucksters, Schucksters, and Slimeballs at Arms Length When Starting Your Own Business” deftly points out. There are creepy clients,…
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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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