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The word “motivate” means “to stimulate towards action.” I emphasize towards because too often, we hear of stories where it’s only the threat of the lash (and termination) that keeps employees in their seats … for fear of losing their income. But that’s not motivation—as in moving forward. That approach doesn’t bring your team happily […]
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Q.: I recently became a sole owner of an LLC due to a partnership split. I am renaming the LLC due to the split. Is it necessary to obtain a new employer tax ID (also known as an “EIN”) for the new LLC? A.: Generally, a simple name change of an LLC does not […]
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What will $105 billion get you? For some, it equals the gross domestic product of a small island nation in the Caribbean. However, here in the United States, it’s the burden that small businesses shoulder in tort liability costs. As reported on Small Business Trends, a recent study by the U.S. Chamber Institute for Legal […]
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From the department of “what part of ‘don’t contact me’ do you not understand?” comes a recent New York case, People v. Fernino [2008 WL 382348 (N.Y.City Crim.Ct. February 13, 2008), for those of you who want the citation]. Thanks to Evan Brown and his Internet Cases blog for pointing it out. Here’s the history: […]
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Is the rise of Web 2.0 the beginning of the end for personal privacy? While only time will tell, there are plenty of pundits crying “the sky is falling!” …and perhaps with good reason. Never before has it been so easy to circulate private information. Never before have the intimate details of so many people’s […]
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Thanksgiving is a day of gratitude, an opportunity to be with family. So on this family day, it’s somewhat fitting to have this post about family businesses. If you are, or have any inclination to be, in business with a family member, there is a secret to ensuring its success. Some firms have been family-owned […]
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For anyone who ever doubted the benefit of confidentiality agreements, the case of Chris Botticella, former Thomas’ English Muffin executive should put the doubts to rest. As recently reported in the New York Times, Botticella was one of a small handful of people who knew the entire “nook and cranny” secret. He signed a confidentiality […]
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In trolling through the blogosphere, I came across a handful of posts that asked (and answered) the question: which legal issues keep entrepreneurs up at night? I found that “finding the right attorney” is definitely among them. How do you know who’s the right fit? How can you tell if they really know their areas […]
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Q.: I understand you do not let executive session board minutes into anyone but the board of directors’ hands. In fact, I have heard that you pass these board minutes out in executive session and they are then collected and given back to, in our case our attorney who is, chairman of the board and […]
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Taking on a business partner is not a decision to be made lightly. It’s much like getting married. With the tools provided to you in The Entrepreneur’s Prenup you will always have the partnership guidance you need, regardless of where you are in your partnership process.
Nina in the Media