Epilepsy Awareness

This past weekend I participated in a walk-a-thon fundraiser for the National Epilepsy Foundation at Forest Park in Springfield.  It was a beautiful day and the turnout was tremendous given it was the first walk for epilepsy in this area.  There were many teams of people who were walking on behalf of someone close to them.  I walked for my sister, Mary, with my mother, father and a friend of the family’s who struggles with epilepsy herself.  Our group was named Mary’s Marauders in honor of my sister though we also walked for our friend, Nicole, the you young lady who walked along with us.

Epilepsy itself goes unnoticed unless an individual has a seizure in front of other people.  It comes in many forms from petite mal to grand mal with many types in between.  It is estimated that 130,000 people live with epilepsy in just four northeastern states alone.  Research for this condition is underfunded, which is why we walk.  All around the country fundraisers are held in an attempt to educate people as well as to gain the monies needed to promote further research.  Many people are completely unaware of the nature of this condition and it is up to those who have the knowledge to spread it to the masses.  As I said previously it is a silent disability, one that no one knows about just by looking at a person.  Perhaps this is why research is limited.

I’d like to invite all who read this to further educate themselves about epilepsy.  It is quite possible that we all know someone living with it.  It so frequently goes unnoticed that people tend to forget that it is out there affecting people in their every day lives.  For many with epilepsy life becomes limited due to seizures brought on by flashing or florescent lights, or just by the nature of the condition.  Epilepsy might be unseen but it is there. Please log on to your computers or talk with someone who has extensive knowledge and find out more about it. 

Business partnership concerns….

Partnerships- The Devil IS in the details!

 

You and your friend have been working together off and on as yard maintenance and handyman services.  This “partnership” started in school as a means of getting spending money.  With limited employment opportunities, the two of you have developed some steady customers on an “informal” basis for almost 5 years.  You both own vehicles used for the business.  You each own tools and equipment necessary for the work. 

 

With growing personal responsibilities comes the need to create steady income. The situation has grown into a business that allows the two of you to work, year round, with a reliable income every week.  Is a partnership, based on yard maintenance and handyman services, the opportunity it seems? 

 

Individuals in similar situations would see this as the answer and move ahead. The challenge is obtaining more customers. This means marketing your services to a broader audience over a bigger territory.  Up to now customers have been family and friends.

 

  • How is this to be done?  Who is responsible for selling services? How are the services coordinated? 
  • Who is responsible for the paper work? How are profits divided?  What happens as staff is hired? 
  • Is liability insurance another expense that must be considered? 
  • What happens if one of the partners is injured and unable to work?  Does this person still get paid?
  • What happens if employees are injured?
  • How are income and taxes distributed?
  • What is the role of a spouse or other family members with special skills?

 

This list is the tip of the iceberg. Many times these questions are not discussed when the partnership starts leaving the answer for when a problem arises.  This is the worst time to develop a solution. The time to seek the advice of a business Attorney is when the business starts or a soon as possible.

 

The above questions and those related to full disability or death of a partner should be resolved BEFORE a partnership moves forward as a business. Partnership agreements should be in writing, reviewed by an attorney and notarized. The partnership agreement usually sets ownership on a %.   An Accountant assures profit, taxes and other activities are handled appropriately.  Business insurance, always a good idea, is almost mandatory in a partnership situation.  A funded Buy-Sell Agreement is a key document for the partnership to have in place.

 

Is your partnership agreement in writing and up to date?  An annual review is an important business activity.  Things change. What happens to your family and your share of the business when you die or are disabled?  Are the answers in your partnership agreement?

 

Contact BDC@neabworks.com for more information.

 

Colleen Moynihan

2013