The Coronavirus Pandemic has affected more than just jobs. Business deals that were struck just a couple of months ago are unraveling, and for good reason. In this short, 3-minute video, I touch on a couple of legal terms you may be hearing in the news … that might be useful for you as you … Read More
While there’s a lot of media attention paid to the Paycheck Protection Program, many solopreneurs may not be eligible – or may choose not to participate. You need to look carefully at the eligibility requirements including the amount of compensation you can document, your business’s net profits, and the record-keeping detail required in how you … Read More
For many of us, our world has been turned upside down. I’ve talked to lots of solo and small firm owners who really wish things could get “back to normal.” But that normal is gone. As the German novelist Thomas Mann wrote, It’s all about getting accustomed to not getting accustomed. In other words, change … Read More
Not knowing the fine print in your contracts could take a costly bite out of your business. Yes, I know you’re a busy business owner. Yes, contracts can be tedious. And, yes, I know that sometimes the font used on these documents requires an electron microscope to read it properly. But as a business owner, … Read More
I know how it feels to have the rug pulled out from under you and not know which direction to turn. My younger brother contracted Hodgkin’s Disease when he was 9, at a time when childhood cancers often meant a death sentence. (He survived, thank God!). I graduated from law school in the early 1990s … Read More
These are unprecedented times. Fallout from the Coronavirus may have you feeling uncertain, anxious and even a little fearful. But I bet you also feel the urge to take action and protect the things you’ve worked hard to build. One way to do that is by finding the money that keeps your doors open. How … Read More
As you may know, I live and work on Park Avenue, in the heart of New York City. But right now, The City That Never Sleeps … has gone comatose. So I do what I can each day, and then try to give myself a treat. Like the other night, I was chowing down on … Read More
It’s March 18th, 2020. I don’t know about you, but I’ve had a whole range of feelings about this COVID-19 thing. Not unlike Elisabeth Kubler-Ross’s 5 stages of grief. Denying there’s an issue because hey, I’m healthy and not in a high-risk group. Angry at the panic-inducing a**holes who create a run on basic necessities … Read More
As seen in … Tired of running out of money no matter how much you make? As my client Danielle complained, Why does it seem I can generate several million dollars a year … and STILL never have enough money in the bank? So what’s the solution to managing those cash flow ups and … Read More
As seen in… Over 70% of all small businesses in the United States have just one owner. That means over 21 million people carry a lot of weight on their solitary shoulders. And many walk around projecting an image of success that covers over a very different, and darker, reality. Why the gap? It … Read More
Years ago, a business partner and I started our law firm together with the happiest and best of intentions: visions of profits, freedom from the tyranny of others’ corporate cultures, and fun in an often dour profession. We signed a partnership agreement. For a while, it worked. At least the freedom and fun part, which … Read More
A recent Wall Street Journal article reported on seismic changes befalling large law firms. Seems that under the new regime, “data and money rule.” Gone is the tightknit camaraderie. The three-martini lunches. Where “I’ll get around to it,” was the response to turning in time sheets and billing practices were lax. Where splitting profits at … Read More
