Blog | Law 4 Small Business, P.C. (L4SB) | A little law now can save a lot later.

Starting a Cannabis Business: License Types

July 27, 2021 / by Julianna Donahue / Business Formation / 0 comments

With the recent legalization of recreational cannabis in many states, entrepreneurs may want to start thinking about what kind of cannabis business they want to form. One of the first (and most important) steps to do this is to obtain a business license. Let’s look at the state of New Mexico’s and what their Cannabis […]

Insurance: The Best Line of Defense For Your Business.

July 21, 2021 / by Kristy Donahue / Business Tips / 0 comments

If you are conducting business, no matter what type of business you have or what you are doing, you owe it to yourself to make sure you are carrying the right business insurance. Aside from potentially being legally required, business insurance provides three very important things: peace of mind, a solid legal defense, and the […]

Beware of Intellectual Property Pirates!

July 19, 2021 / by Kristy Donahue / Intellectual Property / 0 comments

Aye! They took ye ideas and stole them! Now what? Watch Attorney Larry Donahue lead business owners through the steps that will help them identify when someone has stolen their Intellectual Property. Whether it be websites, trademarks, music or other intellectual property, this step-by-step guide will help ensure business owners know how to trademark and […]

Tips for Starting a Cannabis Business.

July 15, 2021 / by Ben Allbright / Business Tips / 0 comments

Federal Prohibition Continues Despite cannabis being legal in 18 states, the federal government still maintains cannabis prohibition through the Controlled Substances Act. Cannabis prohibition creates numerous challenges for cannabis businesses which other businesses do not face. According to the federal government cannabis businesses are still criminal enterprises. While LLCs do not offer full legal protection, […]

What are the Visa/MasterCard Rules Regarding Credit Card Payments for CBD Products?

July 12, 2021 / by Kristy Donahue / Business Tips / 0 comments

Ginger Hollowell, owner of Electronic Money Company has been providing merchant services for small business clients across the United States and Canada for over 2o years. L4SB recently checked in with Ginger to learn more about the evolving rules and regulations regarding credit card payments for businesses selling CBD products. Know Your Products. The first […]

5 Basic Steps to Dissolve a Partnership

July 6, 2021 / by Kristy Donahue / Dispute Resolution / 0 comments

Dissolving a Partnership is very similar to a divorce, from both a cost and emotional perspective. While it is never advantageous for the relationship to degenerate into contention, it happens far more often than you might think. Attorney Larry Donahue will be hosting a free and informative workshop to help any business owner understand the […]

What are Ponzi Schemes and How Can Business Owners Protect Themselves?

July 6, 2021 / by Ben Allbright / Business Tips / 0 comments

Bernie Madoff recently died. Madoff was known for operating the largest Ponzi scheme in history. So what is a Ponzi scheme and how can businesses protect themselves? What is a Ponzi Scheme? A Ponzi scheme is a form of investment fraud in which the scammer promises investors large returns with little or no risk. The […]

Have You Come Up With a Plan To Sell Your Business?

June 25, 2021 / by Kristy Donahue / Business Tips / 0 comments

If you are counting on the sell of your business to fund your retirement, you need to start planning- NOW! Counting on the sale of your business to fund your retirement? Then it is critical that you receive maximum value at the time of sale. Interestingly, most business owners are unaware of the steps that […]

New Business Alert: Recreational Cannabis Sales to Begin in 2022 for New Mexico

June 21, 2021 / by Ben Allbright / Business Formation / 0 comments

In recent years, many states across the country have liberalized their cannabis laws. It is important to note that while individual states have changed their laws, cannabis remains federally illegal. On April 12, 2021, New Mexico joined the movement when Governor Michelle Lujan Grisham the Cannabis Regulation Act. This act did not immediately legalize recreational […]

Your Business and Crypto Currencies?

June 17, 2021 / by Kristy Donahue / Business Tips / 0 comments

You cannot read the news without hearing about crypto currencies these days. So, what are they? And more importantly, are these currencies safe? We all know how important it is for a business to have a presence online, especially in the age of COVID-19, but does securing a seller’s spot on the internet include accepting […]

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