One key to getting started in a small business is establishing a clear demarcation between your personal and business lives. This a good article on why and how to separate yourself financially from your business.
Show me someone who is happy to pay an attorney. I am not sure that person exists. What I am sure is that a good attorney can save a small business owner money, time and frustration. I am also sure that a lot of business owners do not use an attorney to review a lease before they sign it. That’s a costly mistake.
When a tenant comes to me with an issue covered in the lease my first question is always “Did you read your lease?”. Nine times out of ten the answer is no. Why business owners would sign a lease, which in most instances are required to be personally guaranteed is an open question.
I have had people tell me they did not read the lease because they trusted the landlord. Well okay… its nice to trust the landlord, but the landlord has you sign a lease so everyone understands what is expected and because we all remember conversations differently. As Ronald Reagan said “trust, but verify”. Read the rest of this entry »