Small Business Law Articles & Blog Posts

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When We Work Together – We All Succeed

Too often businesses fail when they have a fixed mindset. They lack the ability to change and adapt, and often its due to the lack of partnership with other businesses...

contract tip what is force majeure

Contract Tip: What is Force Majeure?

Contract law is rife with terms of art which can be very confusing to the average business owner. In our previous articles, we have tried to shed some light on...

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Speaking with the Lawyers of Tomorrow

Recently I had great opportunity to speak with Law Students from the University of New Mexico School of Law.  I saw this as a great opportunity promote L4SB but also...

are you ready for 1099s

From the Experts – Tax Forms

Going into business for yourself is exciting, and being your own boss can be both rewarding and financially lucrative. However, there is more to going into business than hanging out...

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What is a Business Succession Plan?

The unthinkable has happened.   On the way home after work, a business owner was involved in a tragic accident and did not survive.  The next day over at the workplace,...

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What is a Certificate of Good Standing?

No matter how old we get or how many businesses we own, we are never free of the dreaded “Report Cards” of life. As adult individuals we must concern ourselves...

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Buying or Selling a Business

Buying or selling a business can be a major aspect of your experience as a small business owner. Whether you’re looking to expand by buying a new business, or selling...

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Return of the C Corporation

If you’re starting a new business (or reorganizing an old one), you have a few options to choose from. For example, you could form a Limited Liability Company (or LLC)....

6 problems to avoid in a contract

Contract Tip: Top 6 Problems in Contracts

No one likes to pay a lawyer, but it’s always good practice for a small business owner or leader to hire an attorney to review contracts before signing them. Even...

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Fiduciary Liabilities and your Company

Introduction: At L4SB, we’re blessed to have many great clients in many industries. Some of our clients serve the business-to-business market, just as L4SB does. When appropriate, we may permit...