October 31, 2014
The ways to part company, the what ifs, and the how’s relating to “exit strategies” for business partnerships, strategic alliances, and other collaborative relationships can seem like the proverbial cold shower, dampening all ardor for a deal. But maybe there’s another way to look at it — like the rules of a game that ensure a fair playing field. Do you remember playing kickball at recess on the school playground? Did you start the game and then determine where the base lines were? What counted as a foul? When and how you could be thrown out? Of course not. In order for everyone to play fair, you needed to set the rules beforehand. This gave all players a sense that the rules were impartial and would be applied equally. If you started the game and then decided how the players could be called “out,” the park would resound with cries of “Cheater!” and “Do over!” If the matter didn’t get resolved, chances are that pandemonium would erupt, resulting in the immediate end of the game.…
Continue ReadingHere’s a bit on the lives and lessons of two men who were business partners for 55 years, collectively starting at least a dozen companies, and supporting each other through marriages, triumphs and tragedies, although…
Read MoreQ: Does an S Corporation protect your personal assets? It has become obvious I need help with this. Any ideas you have would be very much appreciated. A: Generally, yes, a corporation will protect the…
Read MoreLike the animals in Noah’s Ark, bicameral legislatures (lit. “two chambers”) come in twos. We have Congress, made up of the House of Representatives and the Senate for federal issues. The UK has Parliament, made…
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