I’m sure that many of you who have read the previous four legal mistakes in this series are confidently (maybe even smugly?) sitting back saying to yourselves that you’ve never made the mistakes dealing with written agreements because you always use contracts…for vendors, clients, partners. You name it. You’ve got a contract. But, I’m still [...]
The Top 5 Legal Mistakes Entrepreneurs Make: Part 4
Speaking of partnerships, why do entrepreneurs insist on taking on partners without a written agreement? For the life of me, I can’t figure that one out. While there are many important provisions in a partnership (or operating or shareholder) agreement, one of the key provisions is what to do when one party wants out. More [...]
Avoid the Partnership Blues
Entrepreneurship can be lonely. Having a partner to go through the awesome ups and downs of launching a business can bring comfort. Partners can also bring disaster. Protect yourself with a solid partnership agreement. I was recently interviewed on the importance of a partnership agreement. Here are some critical issues to consider when launching with [...]
How to Start a Business: Part 5
I bet you thought I had forgotten about the “How to Start a Business” series of posts, didn’t you? Well, I didn’t forget. I just got side-tracked by tax day and of course, my birthday! So, getting back to our regularly scheduled programming…. Prepare Entity Documents Depending on your entity structure, you are likely to [...]
Good Fences Make. . . Good Partners?
Business partners often end up with strong friendships, but is it possible for friends to succeed as business partners? It would seem to be a natural evolution; you know each other, you like each other, enjoy spending time together, work well together. But the transition from friends to partners may not be as easy as [...]
Business and Marital Bliss
Let’s talk a little bit about business and martial bliss. The following article by Karen Cheney addresses a situation that is becoming more and more common as bold entrepreneurs eschew the increasingly unreliable world of big business to strike out on their own. Cheney is absolutely right that even between spouses—especially between spouses—a partnership (or [...]





