-Business Organization entities, part 2
-Partnerships and the LLC
-7 New Years Resolutions for work

Welcome back to the MBA Working Girl Podcast-Where Business Theory and the Real World Collide! I'm the host, Laura Adams.

MBA Essential Tip:
A Joint Venture is a relationship that's formed for a single specific business enterprise.
It's similar to a General Partnership in these ways:
-the parties share an interest
-the parties have equal rights to direct and govern
-the parties share in the profits and losses
-the parties combine their property, money, skill or knowledge

A JV is different however, in that the relationship ends once the project is completed. It also differs because there is no mutual agency relationship between the partners. So it's more difficult for one member to bind another member. A JV should always be very clear that it is not a partnership when dealing with 3rd parties.


"What you do speaks so loud that I cannot hear what you say."
-Ralph Waldo Emerson (1803-1882)

This episode is Part 2 about Business entities. Tune in to hear about the 3 different forms of Partnerships and to understand the popular LLC.
Then I'll end with 7 Resolutions we all need to take with us to work in 2008 - HAPPY NEW YEAR!

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I always welcome listener feedback at .

Thanks for listening-
Do Good Work, Laura

-Business Organization entities
-Sole Proprietorships
-C and S Corporations

Welcome back to the MBA Working Girl Podcast-Where Business Theory and the Real World Collide! This is your host, Laura Adams.

MBA Essential Tip:
When incorporating a business in the U.S., the state where the legal formation is completed is important. Generally, the corporation should be formed either in the state where the business will be located or in another state that has a well-developed body of corporate law, such as Delaware.
Many large companies choose to incorporate in Delaware, even if they don't do business there, because it has a specialized and experienced court. This court is called the Court of Chancery; and it insures quick resolution to any corporate law disputes.
Some of the benefits to Delaware incorporation include:
-increased power of management
-more flexibility in dealing with minority shareholders
-ability to have only one director
-use of electronic proxy voting
-authorization of internet shareholder meetings
-facsimile amendments to the certificate of incorporation


"The secret of all victory lies in the organization of the non-obvious" -Marcus Aurelius, Roman emperor (121-180 AD)

This episode is Part 1 of a series on Business Organization entities.
We'll cover the Sole Proprietorship and Corporation, and complete  the other 4 types of entities in Show #38.
Find out the benefits of each and the important distinction between C and S corporate status.

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Thanks for listening-
Do Good Work, Laura

-Leaving your Employer
-Understanding Trade Secrets
-Your Career Future

Welcome back to the MBA Working Girl Podcast-Where Business Theory and the Real World Collide! I'm your host, Laura Adams.

MBA Essential Tip:
The Economic Espionage Act of 1996 was passed in response to an increase of industrial espionage. This espionage is estimated to have cost U.S. companies $25 billion in 1995 alone. The Act covers theft of trade secrets by domestic and foreign spies.
For foreigners, economic espionage is defined as knowingly stealing or fraudulently obtaining a trade secret with the intent to benefit a foreign government or agent.
Domestically, the law considers whether the defendant intended to use a trade secret to anyone's economic benefit other than the trade-secret owner and whether the defendant knew that it would injure the owner.
In order for information to be considered a trade secret, the owner of the information must have taken "reasonable measures to keep such information secret." The value of trade secrets is due to their proprietary nature.

"The easiest way to keep a secret is without help." -unknown author

In this show I'll discuss how to determine when the time is right to leave your employer, how to do so properly, and the important legal issue of Trade Secrets. Most people don't realize that trade secret law applies to them, even if they didn't sign a Non-Disclosure Agreement!

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Music in order for Show #36:
The Brand New Heavies - All Fired Up
Punam Verma - The Sweetest Nectar
Psykosoul - Superhot Lady Cop Remix (Beau Hall)
360 - T-Sunshine
Matthew - Get It
The Brand New Heavies - All Fired Up

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Or leave a Voice Mail message by calling .

Thanks for listening-
Do Good Work, Laura

-Intro to Macroeconomics
-What happens in Boom times and Recessions?
-Book recommendation

Welcome back to the MBA Working Girl Podcast-Where Business Theory and the Real World Collide! I'm your host, Laura Adams.

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MBA Essential Tip:
The U.S. Gross Domestic Product, or GDP, is defined as the market value of the goods and services produced by labor and property located in the U.S.
The U.S. Gross National Product, or GNP, is defined as the market value of the goods and services produced by labor and property supplied by U.S. residents.
The  distinction between "located in the U.S." and "supplied by U.S. residents" is important.  Profit from a U.S. owned factory in China is not included in GDP, but would be included in GNP. The emphasis in the U.S. shifted from GNP to GDP in 1991.

"A creative economy is the fuel of magnificence." -Ralph Waldo Emerson (1803-1882)

In this show you'll hear an introduction to Macroeconomics.  We'll cover the 3 major variables that Macroeconomists study. I'll also discuss what happens in the economy during Boom times and Recessions.

And if you want to do some further economic study and read a good story at the same time, I recommend Alan Greenspan's The Age of Turbulence.

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Thanks for listening-
Do Good Work, Laura