Category: Partnership

Starting a Business? Preparing a Business Plan is Essential For Success

Starting a Business? Preparing a Business Plan is Essential For Success

It is very common for me to speak with business people who started their businesses without creating a business plan.  This is easy to understand because creating a thorough business plan that covers all of the essential topics is time-consuming. It is also frightening because it forces the prospective business owner to face issues related to starting […]

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How to Start a Business with a Partner

How to Start a Business with a Partner

It is impossible to overstate how carefully one must approach starting a business with a business partner.  First and foremost, there must be open and honest communication about each person’s vision for the business, goals and exit strategy, roles, abilities and limitations, and there must be appropriate documentation prepared setting out what the business relationship […]

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Why Well Drafted Partnership Documents Matter: Court Holds that Funds Paid to LLC By Members After Initial Capital Contributions are Loans by Default

Why Well Drafted Partnership Documents Matter:  Court Holds that Funds Paid to LLC By Members After Initial Capital Contributions are Loans by Default

The following illustrates why well drafted operating, partnership, or shareholder agreements among business partners (the type of agreement is related to the type of entity) are essential.  And it is substantially more cost effective to pay a professional to properly draft these documents up front as opposed to litigating the matter later. As the New […]

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How to Pick the Right NYC Business Lawyer for Your Startup

How to Pick the Right NYC Business Lawyer for Your Startup

This is a great and very scary story that teaches an important lesson about choosing the right NYC business lawyer: Picking the right attorney in your startup is as important as picking the right business partner. You can’t underestimate the importance of selecting an attorney who “gets” your business model, your market opportunity, and most […]

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