September 26, 2019
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 on Ask FSB (Fortune Small Business). It might also be worth considering a strategic alliance or independent contractor arrangement for a period of time — which could include a generous compensation but no equity. It’s a way of “dating before you marry” to see if your potential business partner (1) can really come up with the “goods” to merit an equity stake, and (2) is really the right fit (temperamentally, etc.) for you and your company. You deserve to be paid, protected, and prosperous. Kaufman Business Law can help get you there. Watch this short video to find out how. Watch our Video
Continue ReadingFrom Ben Canosha’s blog, a good suggestion before starting a business with others: Before going into a partnership with someone, spend time with them in three different kinds of situations: a relaxing one, a competitive…
Read MoreListen to the Episode Below: Thought you’d work in your business forever? Afraid of “your baby” falling into the wrong hands? Not sure what you’d do if you left your business? Are these “what’s next”…
Read MoreMany entrepreneurs have law questions about company ownership and board meetings. Some of the responsibilities of company ownership include holding board meetings, generating company financial reports, obtaining an employer tax ID and, sometimes, undergoing a…
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