December 26, 2013
Entrepreneurs often ask me to create the “perfect one-page agreement.” Maybe they expect partnership agreements to be 3 pages . . . maybe 5 . . . but the expectation is that shorter is better. It ain’t. Ryan Roberts, The StartUp Lawyer, makes this excellent point in his post about agreements-in-brief: “[I]f a multiple-owner corporation’s bylaws are less than 7 pages, that tells me the corporation’s co-founders did not have enough discussion about how their corporation should be managed, operated, transferred, sold, or liquidated. Or worse, they did have the requisite discussion but failed to implement their discussion into their corporate documents.” Like not getting a marital prenup because you don’t want to think about divorce before the wedding, not having a well thought out partnership agreement is akin to sticking your head in the sand like an ostrich. Statistically, about 70% of all business partnerships end in “divorce.” You can’t avoid these issues if you don’t talk about them: what you avoid is the opportunity to come up with fair and creative solutions to…
Continue ReadingEntrepreneurs who want to raise capital from angel investors really need to consider the process from the angel’s point of view. Every audience you’re trying to sway needs to be able to see “what’s in…
Read MoreImagine: You’re standing at a computer terminal in the basement of the County Clerk’s Office. Wondering if you’ve fallen into your own version of a Direct TV ad. Your hands are shaking a little as…
Read MoreToday’s basic training involves a sad story. A woman gave her heart to another . . . and to his business. What thanks does she get? She gets jilted, in more ways than one. Yet…
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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.
With wide-ranging experience as a business attorney, strategist, and media authority, I bring the added power of a business lens to the legal issues my clients are facing.
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