| Subject | Date Asked |
|
| partnerships | 10/18/2009 |
Q: We bought our first house a year ago. We went through 13 realtors, 3 attorneys, and 42 houses until ...
A: Good time to ask these questions. You would sit down and discuss who is going to do what. You will ...
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| Partnership outgrown | 10/13/2009 |
Q: We have a successful interactive design firm. There are 3 founding partners and a new partner we ...
A: The challenge with a situation like this is that where money is involved, partnerships get strained. ...
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| Joint Venture | 9/24/2009 |
Q: Good morning Christopher. We have a small construction company and most of our work is with the ...
A: You should run this by your company lawyer, but if I were you, I would take my share of the project ...
|
| What to say | 9/5/2009 |
Q: My name is Igor, and I'm a very recent university graduate with a degree in kinesiology. I am now ...
A: There's a lot to the questions you are asking. A lot of clarity on your part first (what is going to ...
|
| BOOTH RENTAL SALON - RETAIL | 8/22/2009 |
Q: I am considering opening a booth rental salon in the near future. From what I understand, it is ...
A: Yes you can. As part of the agreement that you have your lawyer draw up, you can stipulate the terms ...
|
| Salon Booth Rental | 7/20/2009 |
Q: I'm a hairstylist in VA and I've been booth renting for 15 years at the same salon. We have a verbal ...
A: Are you prepared to leave the salon and move somewhere else? If so, I'd suggest you connect with the ...
|
| Partnership/Investors | 7/14/2009 |
Q: I started working for a family member 7 years ago. Year by year, I gained shares in the company and ...
A: It is legal, but the shareholders have to agree to it. It's called reclaiming owner's equity. It ...
|
| co-ownership | 7/10/2009 |
Q: Christopher: If you are in an equal co-ownership of a company/project with a partner, and your ...
A: The person who registers it won't have any extra pull. The leadership in a partnership is determined ...
|
| my "partners" | 7/7/2009 |
Q: I consider myself an entrepreneur no successful yet but I am sure one day I will if I learn how to ...
A: For question one, you need to put together a partnership agreement. This states the rules of how the ...
|
| How much to charge. | 6/9/2009 |
Q: My wife has developed a class and is currently being paid a day rate of $1,000 for teaching this ...
A: This cost of licensing your materials can vary depending on the deal. I suggest to the clients of ...
|
| Developing a plan | 5/20/2009 |
Q: I have created a software product that is rather remarkable. It is fully functional. I would like to ...
A: You can hire someone to review it and have them sign a non-disclosure, non-competition agreement so ...
|
| Mutual NDA | 4/25/2009 |
Q: i am seeking to take on a product line and starting to contact certain manufacturer's of equipment ...
A: Firstly, go see a lawyer. You need to have a lawyer draft an NDA that reflects what you are trying ...
|
| Corporate 'loan-out' | 4/25/2009 |
Q: I work as a producer/writer through my C corp. I have an opportunity to form an LLC with one other ...
A: Best bet is to talk to your accountant. There will be state regulations on how the money gets ...
|
| Establishing partnership split | 4/5/2009 |
Q: I'm trying to decide how to split a partnership for a start-up restaurant. Here are the facts: -- ...
A: What I would do is offer your friend a 25% stake in the company. Don't devalue the time you have ...
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| Partnerships | 4/3/2009 |
Q: Andrew, Bob, Charlie & David operate their building contractors as a partnership. The business also ...
A: Too many times, businesses try to save money at the beginning (partnership agreement) and end up ...
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| Starting a Business Partnership | 3/20/2009 |
Q: Recently a relative approached me to start a partnership company specializing in sales and marketing ...
A: What part of the country are you located in? You should have your meeting with David first and then ...
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| Starting a Business Partnership | 3/19/2009 |
Q: Recently a relative approached me to start a partnership company specializing in sales and marketing ...
A: Without knowing the specifics of who will do what, it is difficult to nail down what a fair ...
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| Starting a Business Partnership | 3/18/2009 |
Q: Recently a relative approached me to start a partnership company specializing in sales and marketing ...
A: What role will your business partner play in the new company? Partnership can be a great or ...
|
| Web design business and services contract | 2/20/2009 |
Q: I am a young web designer (18 and still in university) and I am starting a freelance business. I ...
A: I read through it and it all seems okay, but keep in mind, I'm not a lawyer. You should have someone ...
|
| selling my business | 2/6/2009 |
Q: I'm not sure if you specialize in this kind of question but here goes; I'm thinking of selling my ...
A: Get in touch with a business lawyer that can pilot you through this process. Selling a business is a ...
|
| Distribution Agr. | 1/4/2009 |
Q: I’m interested in distributing a product in the US as a reseller and my concern in this scenario is ...
A: Make sure you get an agreement with them (I'd suggest having a representative agreement drafted by ...
|
| Profit participation | 12/7/2008 |
Q: Mr. Flett, I invited an associate as joint venture/independent contractor to create a product launch ...
A: In that case you should. If you are still in a discussion phase of the deal, then bring this up to ...
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| Profit participation | 12/7/2008 |
Q: Mr. Flett, I invited an associate as joint venture/independent contractor to create a product launch ...
A: If this was a piece you were bringing to the table when discussing the Joint Venture, than you ...
|
| getting paid placing product in store | 10/4/2008 |
Q: We were asked to place our product in a store but they want to do it as a NET TERM with a 30 day ...
A: I'm not sure what they are referring to with Net Term. What they could be referring to is that you ...
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| how to value my new business | 9/28/2008 |
Q: I have a new publication/directory. I mail it to residents per zipcode, once per year. If each ...
A: Again, lots of factors at play here, but the very rough guide is 3.2 - 5x the net earnings for your ...
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| how to value my new business | 9/26/2008 |
Q: I have a new publication/directory. I mail it to residents per zipcode, once per year. If each ...
A: When preparing to license (or francise) a company's intellectual property, it is important to ...
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| IT Consulting/Agency | 7/9/2008 |
Q: We're still new to this business thing and are having difficulty marketing ourselves to big ...
A: The first part of this solution is to become 'very clear' on what you can do for companies, why they ...
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| Silent Partner | 6/25/2008 |
Q: I am very new in the event planning business. I have been contacting and emailing different ...
A: Be careful on taking on investors just for money. Angel investors (those that don't formally do ...
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