Having a Partner
Healthy Conversations to Have with Your Business Partner
No, we haven’t taken a hard left and turned this into a relationship blog. Well, at least not that kind of relationship….
Sole Owners and Succession
Are you the sole owner of your company? If so, do you have a succession plan in placefor your business? You do?…
Business Partnership Divorce
Though you started out as best friends, spouses, siblings, or college roommates, you and your business partner(s) now have each other’s headshot…
Changing Ownership Interest in Your Company
Boy, has this issue come up a lot lately. I know you’re tired of hearing me say it, but this, like many…
Going into Business with a Friend?
“Oh, we don’t really need a partnership agreement; we’re great friends.” “We’ve been best friends since childhood, so we know how to…
Who Owns a Group Project?
A few weeks back I was a coach for Startup Weekend. Basically it works like this: a bunch of entrepreneurs get together…
Buy/Sell Agreements: A Business Valuation Perspective
Guest Blogger: Donald Parker Gryphon Valuation Consultants, Inc. www.BizVals.com 702-870-VALU (8258) Buy/Sell Agreements provide a blueprint for the transfer of business interests,…
Small Business Horror Story #6: Not Properly Closing Your Business
Today I received a call from a potential client who was called before the Nevada Department of Taxation about $60,000 in taxes,…
Why You REALLY Need an Operating Agreement
I’m super serious this time. Lately I’ve heard from a number of business owners whose partners have stopped contributing to the business,…
Small Business Horror Story #2: No Operating Agreement and the “Eraser”
I recently met with one member of a two-member LLC with no operating agreement. We’ll call my client Jane and her partner…
Small Business Horror Story #1: Shady Partner + Generic Operating Agreement = Disaster
Whenever I sign a new monthly retainer client, I conduct what I call a “legal checkup” on the business. I review the…
Why Owning a Business 50/50 is a BAD Idea
Who is going to break a tie when you and your business partner don’t agree on something? Sure, in the beginning business…