About Partnered Up: Business Law, Deals and Dynamics
*Partnered Up* delves into the intricate world of business law, deals, and dynamics, offering practical insights and expert advice for entrepreneurs and business owners looking to navigate the complexities of partnerships.
Can You Force a Business Partner to Sell Their Interest? What the Law Actually Allows
In this episode of Partnered Up: Business Law, Deals and Dynamics, hosts Jeffrey N. Fink and Evan Mack delve into the complexities of business partner exits and the legal frameworks that govern them. Jeffrey, a partner at Coren Lichtenstein LLP, shares his expertise on the misconceptions surrounding forced sales of ownership interests in closely held companies. The discussion covers the importance of understanding operating agreements, the distinction between ownership and control, and the potential legal pitfalls of attempting to oust a partner without proper legal authority. Jeffrey also highlights the significance of having clear exit mechanisms in place from the outset to prevent costly disputes. Listeners will gain valuable insights into how to navigate partner disputes effectively and the critical role of legal advice in these situations.
10 Sept 2026
Getting Your Business Ready for Sale
In this episode of Partnered Up: Business Law, Deals and Dynamics, host Evan Mack and Jeff Fink, a partner at Coren Lichtenstein LLP, delve into the critical steps business owners should take when preparing their business for sale. Jeff emphasizes the importance of early preparation, ideally two to five years in advance, to ensure clean financial records, organized legal documents, and a business structure that operates independently of the owner.
They discuss the necessity of a pre-sale internal review, focusing on financials, legal documents, contracts, key employees, and intellectual property. Jeff highlights common pitfalls such as outdated organizational documents, unresolved disputes, and the need for a strong management infrastructure. Listeners will gain valuable insights into how to position their business to attract serious buyers and achieve a strong valuation.
27 Aug 2026
Why “We’ll Figure It Out Later” Is the Most Expensive Mistake Business Partners Make
In this episode of Partnered Up: Business Law, Deals, and Dynamics, hosts Evan Mack and Jeff Fink delve into the pitfalls of deferring critical business decisions. Jeff, a partner at Coren and Lichtenstein LLP, shares insights into why the ”we’ll figure it out later” approach can be one of the most expensive mistakes for business owners. They discuss the emotional logic behind avoiding early legal agreements and the cultural differences in contract perceptions. The conversation highlights common issues partners overlook, such as economic splits and exit strategies, and how these can lead to significant conflicts when business dynamics change. Through real-world examples, Jeff illustrates how early planning and clear agreements can prevent disputes and foster stronger partnerships. Listeners will gain valuable strategies for addressing potential conflicts proactively, ensuring smoother business operations and relationships.
13 Aug 2026
The Biggest Mistakes Founders Make in Their First Operating Agreement
In this episode of Partnered Up: Business Law, Deals and Dynamics, hosts Jeff Fink and Evan Mack delve into the complexities of operating agreements for closely held companies. Jeff, a partner at Coren Lichtenstein LLP, shares insights on the common mistakes founders make, particularly focusing on the importance of addressing both profit distribution and decision-making processes. The discussion highlights how initial agreements often overlook critical elements like conflict resolution and partner exits, which can lead to costly disputes. Jeff illustrates these points with real-world examples, emphasizing the need for thorough planning to avoid future litigation. By understanding the nuances of operating agreements, listeners can better prepare for the challenges of running a business, ensuring smoother operations and more robust partnerships.
16 Jul 2026
Shareholders Agreements Explained: Buy Sell Provisions, Transfer Restrictions, and Ownership Rights
In this episode of Partnered Up, Business Law, Deals, and Dynamics, hosts Jeff and Evan Mack delve into the intricacies of shareholder agreements. Jeff, a partner at Coren and Lichtenstein, LLP, explains the critical components of these agreements, including preemptive rights, restrictions on share transfers, and buy-sell provisions. He highlights the importance of clear drafting to avoid disputes and the pitfalls of relying on AI-generated agreements. The discussion covers the mechanics of rights of first refusal, tag-along and drag-along rights, and the implications of outdated buy-sell agreements. Jeff shares real-world examples where poorly drafted agreements led to costly legal battles, emphasizing the need for thorough legal consultation. This episode is essential for business owners and partners seeking to protect their interests and ensure smooth corporate governance.
18 Jun 2026
What Is a Corporation and What Is a Shareholders Agreement?
In this episode of Partnered Up: Business Law, Deals and Dynamics, host Evan Mack sits down with Jeff Fink, a partner at Coren and Lichtenstein, LLP, to delve into the intricacies of corporations and shareholder agreements. Jeff explains the historical evolution of corporations, highlighting their role in limiting liability for business owners and enabling large-scale investments. He contrasts corporations with LLCs, focusing on taxation differences and the strategic choice of entity for business formation. The discussion covers the formation process, the legal structure of corporations, and the significance of shareholder agreements in managing business operations and protecting minority interests. Jeff also explores the strategic considerations for choosing Delaware as a jurisdiction for incorporation. This episode is a must-listen for business owners and legal professionals seeking to understand the foundational elements of corporate law and the strategic implications of shareholder agreements.
7 Jun 2026
Indemnification, Part 2: Contracts
In this episode of Partnered Up: Business Law, Deals and Dynamics, hosts Jeff Fink and Evan Mack delve into the complexities of indemnification in contracts between private parties. Jeff, a partner at Coren Lichtenstein LLP, shares his expertise on how indemnification provisions are structured and the common pitfalls that can arise. They discuss the importance of defining the scope of indemnification, the procedural requirements, and the role of notice and defense in these agreements. The episode also covers how indemnification provisions handle settlement limitations and the legal concepts of contribution and subrogation. Listeners will gain valuable insights into drafting effective indemnification clauses and understanding their implications, ensuring they are better equipped to manage risk in business transactions.
21 May 2026
Indemnification, Part 1: Directors, Officers, LLC Members and Managers, and General Partners
In this episode of Partnered Up: Business Law, Deals and Dynamics, hosts Jeff Fink and Evan Mack delve into the intricacies of indemnification for directors, officers, LLC members, and managers. Jeff Fink, a partner at Coren Lichtenstein LLP, shares his expertise on why indemnification is crucial for business leaders and how it differs from indemnification in M&A and other commercial agreements. The discussion covers the primary sources of indemnification, including statutes and contracts, and the procedural nuances that can impact defense costs and legal obligations. Jeff also highlights real-world scenarios where indemnification provisions have succeeded or failed, providing listeners with practical insights into protecting their interests. This episode is essential for business owners, board members, and legal professionals seeking to navigate the complexities of indemnification and ensure robust protection in their organizational roles.
7 May 2026
What Goes Into an LLC Operating Agreement, Part 2
In this episode of *Partnered Up: Business Law, Deals and Dynamics* Jeff Fink from Coren Lichtenstein LLP delves into the intricate details of LLC operating agreements, focusing on management structures, decision-making processes, and protections for members. From member-managed to manager-managed LLCs, Jeff explains the nuances of authority delegation, control mechanisms, and the importance of a well-crafted operating agreement. Discover how operating agreements address management issues, transfers, dispute resolution, dissolution, and more, offering essential insights for business owners navigating the complexities of LLC structures.
23 Apr 2026
What Goes Into an LLC Operating Agreement, Part 1
In this episode of *Partnered Up: Business Law, Deals and Dynamics* Jeff Fink delves into the crucial aspects of LLC operating agreements. He explains the significance of having a written operating agreement for LLCs, emphasizing the pitfalls of relying solely on state statutes. Jeff breaks down the essential components typically included in operating agreements, such as statutory requirements, capital contributions, and tax implications. Gain valuable insights into the complexities of structuring LLC agreements and ensuring legal compliance.
9 Apr 2026
Buy-Sell Agreements: What are They and Why Bother With Them?
In this episode of *Partnered Up, Business Law, Deals and Dynamics* Jeff Fink delves into the crucial but often overlooked topic of buy-sell agreements in business ownership. He explains how these agreements work, why they are essential, and the common pitfalls to avoid, offering valuable insights for business owners facing this challenge.
26 Mar 2026
When One Business Partner Wants Out and the Other One Doesn’t
In this episode of *Partnered Up: Business Law, Deals, and Dynamics* Jeff discusses the common scenarios where one business partner wants to exit while the other wishes to continue, exploring the reasons behind such imbalances and the potential consequences. From mismatched expectations to changing business environments, Jeff sheds light on the complexities that can arise in partnerships and emphasizes the importance of having clear operating agreements in place to address exit strategies effectively.
12 Mar 2026
Deadlock Clauses: What Happens When Business Partners Can’t Agree on Anything
In this episode of *Partnered Up: Business Law, Deals, and Dynamics* attorney Jeff Fink delves into the complexities of deadlock clauses in closely held businesses. He highlights how disagreements on critical decisions like business sales and strategies can lead to deadlocks, often exacerbated by control issues and personal dynamics among partners. Jeff also shares insights on common deadlock resolution mechanisms such as mediation, tiebreakers, mandatory sales, and the infamous ”Texas shootout.” Through real-life examples, he underscores the importance of proactive communication and well-defined agreements to prevent deadlock impasses, offering valuable guidance for navigating partnership challenges.
26 Feb 2026
Who Actually Has Control in Your Business and Why the Operating Agreement Often Says Something Different
In this episode of *Partnered Up: Business Law, Deals, and Dynamics*, attorney Jeff Fink delves into the complexities of control in business settings. From who makes day-to-day decisions to strategic calls, Jeff highlights how real-life control often differs from what’s outlined in legal documents. He emphasizes the importance of clarifying ownership, profit-sharing, and decision-making authority to avoid conflicts down the road.
12 Feb 2026
Is Your Business Partnership in Trouble?
In this episode of *Partnered Up*, Jeff Fink, a Partner at Coren Lichtenstein LLP, discusses how to identify early warning signs that a business partnership may be heading towards conflict. Drawing from real-life examples, Jeff highlights the importance of recognizing key indicators such as imbalance in contributions, lack of clear responsibilities, and divergent perceptions of fairness. He emphasizes the need for open communication and defining rules early on to prevent partnership breakdowns.
29 Jan 2026
How Law Firms Divide Profits and Why It’s So Complicated
In this episode of *Partnered Up*, attorney Jeff Fink discusses the complexities of dividing profits within law firms. He shares insights on why partner compensation discussions can spark tension and explores different models of income distribution. Fink highlights the impact of firm culture on profit-sharing strategies and offers advice on fostering trust among partners.
15 Jan 2026
What Is a Fiduciary Duty: and Why It Matters for Your Business
In this episode of *Partnered Up, Business Law, Deals and Dynamics*, Jeff Fink, a Partner at Coren Lichtenstein LLP, delves into the concept of fiduciary duties in business relationships. He shares real-life stories illustrating how breaches of fiduciary duty can have severe consequences for business partners. Jeff explains the importance of putting the other party’s interests first and acting carefully to protect those interests, highlighting the duty of care and duty of loyalty in fiduciary relationships.
1 Jan 2026
Growth Through Partnership: How the Right Collaboration Can Build More Than a Business
Exploring the essence of successful business partnerships, Jeff Fink, Partner at Coren Lichtenstein LLP, shares insights on how strategic collaborations can drive sustainable growth. From real-life examples to defining partnerships beyond ownership, Jeff delves into the critical factors that determine fruitful partnerships for small and mid-size businesses.
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