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

Don’t be a General Partner! (Not Even by Accident)

A partnership is the most basic and perhaps the oldest type of business formation, and quite simply the easiest to enter into.  In fact, it is so easy to enter into, you may enter into without even knowing it.  Anyone you share profits with could legally be your partner, and your partner is legally obligated […]

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Important Clauses for LLC Operating Agreements

The Operating Agreement acts like a “partnership agreement” between the owners of a LLC. Important clauses for LLC Operating Agreements are critical, and a well-written and customized Operating Agreement for your business is essential to preventing very expensive problems from rearing their ugly heads years later. The problem for many business owners, is they formed […]

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Co-working Agreements

These days, flexibility is the name of the game when it comes to working in a wide range of industries. Inspired by companies like Impact Hub and WeWork, entrepreneurs and building owners (or even tenants) with extra space are looking to cash in on the co-working space movement. While entering the shared space industry involves […]

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Capital Loss and Leaving a Partnership

Everyone who’s ever started a business will tell you that any new business venture involves risks. Sometimes it’s the risk of a capital loss of everything you have 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 […]

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Bad Business Partners

I find myself writing about my clients and their bad business partners 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 similar intellect.  […]

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How to Form Good Partnerships

In this article, I define a partnership as “any company where there is more than one owner.” There are two important components in order to form good partnerships: 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 […]

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Avoiding a Narcissistic Partner

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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