How to find and USE your business attorney as a profit tool.

Trust me, it’s hard to make legal, sexy. But, you know what is ALWAYS sexy? PROFIT. In your bank account. In your hand. In your will for your heirs. Also sexy are the following: Keeping your house, car and trinkets, even the ugly heirlooms, protected from lawsuits. Setting up agreements with partners you like and trust. […]

Why you need to be ALPHA, as the CEO.

A few years ago, I had a choice for a gift: What type of puppy I wanted for a pet. I chose a Shitzu. In actuality, I got….a PITBULL. (Side-eye). Other than the common denominators of having a “T” in the name, and both being of the canine persuasion, this was NOTHING similar to what […]

What’s your EXIT STRATEGY?

What’s your exit strategy for your company? Re-phrased: How far do you want to take this business before you tap out as CEO? In my legal practice, when we form and advise companies, we ask what the founder’s EXIT strategy is – at formation AND at growth points throughout the company’s lifecycle. Sounds contradictory, right? […]

Would you HIRE or FIRE yourself as the CEO?

It’s a hard question to ask any CEO: Would you HIRE or FIRE yourself as the CEO? This past week, our team was asked to fire a company’s CEO, Steve*. (Yes. We do get called in to resolve disputes and fire employees, if necessary). Steve’s board of directors had lost faith in his leadership and management […]

Questions to ask your potential partner

We got a lot of questions and comments on our last post: How to choose your business partner. 1. “What do I ask potential partners so that I can KNOW if it’s a right fit?” Well, no one realllllly knows whether it’s going to be a right fit, right away. But, with open, honest communication […]

HOW TO CHOOSE A BUSINESS PARTNER

In this week of Valentine’s day, we wanted to show some love to your business partner. Or – potential one. Partnerships are fantastic for creating greater, faster growth. Two (or more) heads are better than one. But. It. Is. Literally. A. Business. Marriage. Your partner’s mistakes are YOUR mistakes. You share the profits AND the […]

KOBE BRYANT & EMERGENCY BUSINESS PROTOCOLS

Kobe Bryant and Emergency Business Protocols If you’ve  survived January 2020, you also know that we lost Kobe Bryant, basketball star, father, husband, philanthropist. Even if you only remember him from the Los Angeles Lakers or you grew up yelling “KOBE!” everytime you took a shot into a trashcan (or hoop), he was a formidable […]

WHY AN NDA PRESERVES YOUR PROFIT: TOP 5 QUESTIONS ANSWERED

In this time of formation and “fresh starts”, you may be considering new partnerships OR pitches to ramp up your business growth. By all means, go forth. But, protect as you go. Sometimes, those partnerships or employees/contractors work out – sometimes they don’t. What happens to the information they learn while working with you (or […]

When SHOULD you REALLY file a company from a business?

company from a business

This is the burning question of all time, . And….tragically it’s got a terrible answer: IT DEPENDS. From last week’s edition, we know that expanding really depends on LIABILITY, RISK and your own PLANS for GROWTH. Here’s 3 simple questions to start you off: 1. Are you creating a duty or obligation to another person or […]

“I can’t afford to own a company” and other lies in startup-land

company startup

“I’ve got a sole proprietorship and a website…do I really need a company?” – Ted – graphics designer in Boston Ted was a student at one of my business formation classes in Boston last week. He went on to explain that his vision was to “grow it into a business which feeds my family and I […]