Breaking up is hard to do — without an agreement

Q I am the 80% owner of a limited liability company (LLC) that runs an internet marketing and website design firm. I basically do all of the work; my 20% partner only functions as a part-time intern, gofer, secretary or administrative assistant. We recently agreed that we should go our separate ways. I have five […]

Open your wallet to help others, not just buy things

You can’t possibly expect me to ignore the fact that last week contained the one day each year Americans actually come together in agreement, and remarkably it’s in the name of gratitude. That’s followed immediately by the day we’d physically assault another person to get the last $24.99 microwave oven at 5 a.m., while someone […]

Best way to set up an education fund for a grandchild

Q I’d like to set up an educational fund for my new grandchild. I understand the tax benefits of a 529 account but am also interested in gifting appreciated stock. What are your thoughts? A Congratulations on your new grandchild! I also applaud your generosity. What a fortunate child to have such a supportive family. […]

When a SAFE investment is not necessarily safe

Part I of two-part series Q I am a successful entrepreneur who has decided to make an angel investment in a small startup company. I asked for preferred stock in the company, but the founders have offered me something called a SAFE instead. I’ve read the paperwork, and I confess I’m a bit confused about […]

How to pick up the pieces if you lose your job

It wasn’t long ago when the worst thing to happen this time of year at work was for your co-worker to present you with an aluminum-foil-wrapped brick chock-full of candied fruits and nuts. Awkward. Unsatisfying. Yet fleeting. But in the last couple of decades, a new menace has been lurking, leaving a much worse taste […]