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Tag Archives: ownership

Keeping the ‘Bromance’ Alive

By Cliff Ennico “My brother and I formed a small business several years ago and it has done very well. We make enough to support ourselves and our families. “We have always been 50/50 owners of the business, and it has always worked out well. We even have equal titles: I am President and he […]

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When Angel Investors Get Greedy

By Cliff Ennico “I started a service business earlier this year. I formed a limited liability company (LLC), and I’m the sole owner. Last week I met with an angel investor who is really excited about my idea. He has offered to put $250,000 into my company, some of which I could use to pay […]

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Small Business Owners: Keeping the American Dream Alive

Sometimes small business owners can feel besieged. Big businesses have advertising and marketing budgets that dwarf their total yearly receipts. The corporate honchos and their high-salaried lobbyists have the ear of our lawmakers. Politicians only seem to care about small businesses during election cycles. But despite swimming upstream against these insanely strong currents, small business […]

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Who Owns Your Business Contacts?

Who owns the professional contacts you’ve made once you’ve left a job? Small business expert Susan Solovic discusses what employees and employers need to know. Photo: AP

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Changing Your LLC Operating Agreement as Your Company Grows

“My two partners and I formed a limited liability company (LLC) several years ago. Our business has grown substantially, and we now have several investors as well as employees who own nonvoting shares in our company. We’re still using the Operating Agreement that we signed when we first started the company, but I have to […]

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Six Critical Elements Every Partnership Agreement Needs.

So you want to go into business with someone.  Good for you.  Maybe your potential partner is a family member, long-time friend, investor or business associate.  Whatever the relationship, the start of a partnership is much like the beginning of a romantic relationship.  The parties are euphoric and it may seem as though nothing could […]

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Don’t Let a Divorce Sink Your Small Business

Everyone who has walked down the aisle hopes and believes their marriage will work out.  The fact is, however, 52 percent of all marriages end in divorce, and having handled divorce cases when I was practicing law, rarely is there such a thing as an amicable divorce. When you go through a divorce and divide […]

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