Building Business Credit (Even When Your Personal Credit Stinks)

Note to Commecion: Thank you so much for calling in to my radio show today. Since we didn’t get to your question about how do get credit for your business even if your personal credit is bad, here are some tips. Understand that even if you have great personal…

Independent Contractor v. Employee

Note to Janice: Janice, thanks for calling in to my radio show today. I’m republishing this post so it is easy for you to find. Keep me posted on your progress. *** A person you hire to work for you is either an “employee” or an “independent contractor.” Trying…

Interns: No Such Thing as Free Labor

It’s May. Soon, the kids – drinking age and younger – will come seeking internships. So, this is the season when accounting and legal bloggers do a post on the legal treachery of using unpaid interns. And, we are no exception. Let’s say you are tempted to take the…

5 Steps to Make Your (Business) Marriage Last

As a business lawyer, I sometimes get hired to perform a sort of marriage counseling for business partners. The goal is to preserve the business by coaxing the partners back together or gently breaking them apart.  I always know I can save the partnership when each partner asks the…

Birth to Buyout – The Workshop

I’ve spent the last few years trying to figure out how to make business law accessible for entrepreneurs – not just to encourage more small business, but also to make what I do available to people who can’t pay my rate. So, we here at Profit and Laws published…

Ch Ch Ch Changes – A Redlined and a Plain

I used to represent a now defunct hedge fund that had a whip smart general counsel. Her standards were high and she prized speed and competence. At one point, I was helping her get licenses to a bunch of algorithms. I drafted the first version of the license agreement,…

Section 218 Agreement under Social Security Act

It’s the third week of the year, and I’m clinging to my 2012 resolutions by my fingertips.  My resolution to post 3 times a week is in danger.  So, on a Thursday night, in a cab on my way home, I have grabbed this little post out of my…

6 Ways to Deal with Loan Covenants

If you borrow money, you may expect that the terms of the loan, including the loan amount, payment terms, interest rate and all other terms, are listed in the cover letter. The rest of the documents may look like inaccessible lawyer filler that have no bearing on your conduct. …

The King(sley) of law geeks on subletting clauses

This guy is Kingsley Martin, a lawyer and computer software programmer. On his blog, Kingsley pulls apart boilerplate and makes sense of it. In the world, he writes game changing software. I love his blog (tho I don’t have permission to use his image). Here he is on subletting clauses….

Resolutions

Dear Visitor: Thank you for coming and seeing what I have to say about business law. Sorry I said so little. Blogging is not nearly as easy as it looks. Coming up with ideas is easy. Convincing myself that anyone wants to read my thoughts about those ideas is…