Small Business Law Articles & Blog Posts
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L4SB Partners With Score To Help Business Owners Meet Impending Beneficial Ownership Reporting Deadline.
NM Small Businesses and The Corporate Transparency Act. FREE Workshop November 20, 2024 Failure to properly report beneficial ownership information (BIOR) by January 1, 2025 can result in fines ($500/day)...
When Subsidiaries Run Amok: A Guide For Corporate Shareholders
Corporations are powerful legal entities, existing as separate entities from their owners, created under state law to conduct business. For shareholders, the benefits can be substantial—profits, dividends, and a voice...
Can Relying on a Promise for the Worse Now Lead to Recovery of Damages Later?
What is Detrimental Reliance, What Defense is Detrimental Reliance a Part of, and How Can You Use it? When discussing the legal concept of detrimental reliance, it is helpful to...
Federal Trade Commission’s Non-Compete Clause Ban Overturned: What This Means for You
On August 20, 2024, United States District Court Judge Ada E. Brown of the Northern District of Texas, Dallas Division, issued a ruling in the case of Ryan LLC v....
Beneficial Ownership Reporting Under the Corporate Transparency Act
Title LXIV of the Anti-Money Laundering Act, better known as the Corporate Transparency Act (or “CTA”), was passed by Congress in 2021, and went into effect on January 1st, 2024....
What is a Certificate of Good Standing?
A Certificate of Good Standing, sometimes referred to as a “Certificate of Existence” or “Certificate of Authorization,” is an official document issued by a state agency in the United States....
What Happens When Your Trademark Expires and How It Affects Your Business
Trademarks offer a vital layer of protection for your brand, giving you exclusive rights to use a specific name, logo, or slogan. But what happens when your trademark expires? Understanding...
Understanding Creditor Rights: A Guide for Small Business Owners
Navigating the complexities of creditor rights is crucial for small business owners. Ensuring you understand these rights not only helps protect your interests but also solidifies your position during financial...
Ways For Business Owners to Fund Costly Litigations
There are few things less stressful than the possibility of a lawsuit. Whether you are the party suing or being sued, it is important to ensure you are represented by...
Understanding Corporate Bylaws for Small Businesses
Starting a business is an exhilarating venture, often accompanied by a maze of legal documents and procedures. Among them, corporate bylaws are a critical set of guidelines that you, as...
Who Qualifies as a “Worker” Under the FTC Non-Compete Clause Ban
When the Federal Trade Commission released its final ruling for the ban on non-compete clauses, it defined what a “worker ” for an employer was and whether the specific types...
NMSCPA To Host Lunch and Learn Featuring L4SB Attorney, Ian Alden as Featured Speaker
Ensuring NM Business Owners Have The Correct Operating Agreement L4SB Senior Attorney Ian Alden, will be the featured speaker at the Lunch and Learn. Attendees will learn the importance of...