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Partnerships in particular, or other corporate entities where a partnership might thrive (LLC’s, Corporations, etc).

How to walk away from a partnership without leaving empty-handed.

Everyone who’s ever started a business will tell you that any new business venture involves risks. Sometimes it’s the risk of losing the startup capital you invested, or sometimes it’s the risk of spending countless hours trying to build something that just won’t stand on its own. Sometimes it’s the risk that your relationship with […]

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When Partnerships Go Bad

I find myself writing about my clients and their Business Partnerships that went bad with the same sentiment and phrases that I would probably tell the story of my failed marriage with.   They all start out the same. On paper, they seemed so right.  Similar background, seemingly shared goals and vison for the future.  Seemingly […]

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How To Move a Pre-Existing Business Into a Newly Formed Company

You listened to your business lawyer, and formed a limited liability company (called LLC) or corporation (such as a C-Corp or S-Corp), and you want to move your pre-existing business into the new company. This is actually a common question, and it’s really important that you do it right. How you do this, depends on […]

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How to Properly Form a Partnership

In this article, I define a partnership as “any company where there is more than one owner.” There are two important components to properly forming a partnership: Aligning with the right people Putting the right formalities around the partnership Seems simple, right? Word of warning: You could be in a “de facto partnership” simply by […]

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Avoid Narcissistic Partners

I say this often, and it’s unfortunately true: About a third of this firm’s revenue comes from bad partnership breakups and disputes. The problem for most people, is they are all too quick to jump into a partnership with someone, even a stranger, without understanding the long-term impacts of such a relationship. Like a marriage, […]

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The Gloves are Off – When Business Partners Declare War

Business Partners Love them or hate them, Business Partners can be a huge asset to your business. The best kind of Business Partners are the ones with similar goals, trust and a focus on the business. On the other hand, Business Partners can become become your worst nightmare, especially if your goals are mismatched, there […]

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Legal Structure and Your Business

Legal Structure and Your Business Oh great. Another thing to think about. In this blog entry for our “So You Want to Start a Business” series, we tackle the different types of business entity. What form or type of business entity should you create? Most people do not know their options in this regard, let […]

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