Feb 13, 2015
Do You Have a Line of Credit (LOC) Yet??!?
It’s an unfortunate truism in today’s society: Those who don’t need have plenty, and those who do need have little. A clear example of this truism comes in the form...
Author: Larry Donahue
Larry Donahue is a managing member of the firm, with 30-years of experience as an attorney with a focus on Internet law, intellectual property, corporate law, and contracts. Larry leads the firm's Internet sales efforts. He is licensed in the states of Illinois and New Mexico, as well as at the United States Patent and Trademark Office (USPTO).
Feb 2, 2015
What is Detrimental Reliance and Can an Oral Contract Become Enforceable?
Suppose you are propositioned by your neighbor to work on your lawn, and you say “Thank you, I’ll think about it,” and unbeknownst to you, your neighbor proceeds to work...
Jan 18, 2015
Real Estate Investment Companies
I’m often surprised by how many entrepreneurs are out there, and how many of those entrepreneurs use real estate as their primary form of investment. They come in several flavors....
Jan 17, 2015
Successor Liability – Even in an Asset Purchase
Interested in buying a business, or thinking about pulling that trigger and acquiring your labor of love? Before you do, you need to understand what “Successor Liability” is, and how...
Jan 8, 2015
LegalZoom or LegalDoom?
It’s true. We are competing with LegalZoom. Seems almost outlandish that a law firm, with actual licensed, practicing attorneys possessing over 20+ years of experience each, would be competing with...
Jan 7, 2015
USPTO Lowering Trademark Registration Fees on Jan-17!
This is a reminder to everyone who is considering filing a trademark … The United Stated Patent and Trademark Office (USPTO) is lowering the fees associated with trademark filings by...
Jan 2, 2015
2015: New Year and New Law Firm!
2015 marks the 4th year L4SB has been in business, and we’ve learned a few things in those four years. We’ve learned a lot about our clients, and we’ve learned...
Jan 1, 2015
The Faux Contradiction of Contracts
Just the other day, I picked up my daughter from school. She announced to myself and my other daughter in the car at the time, that she “made friends with...
Dec 14, 2014
When and Why to Hire a Business Lawyer
Starting your own small business can be an exciting if not intimidating endeavor. The failure rate for small businesses is generally 50 to 70% within the first 18 months. The...
Aug 26, 2014
How to Negotiate Good Lease Terms
Last November, I wrote an article entitled, Commercial Leases: Avoid Getting Screwed, which identified three important aspects of a commercial lease: Location, Rent and Lease Terms. In this article, I...
Aug 11, 2014
Leaving a Partnership — How To Do It Right
So, you’ve decided (or are considering) to leave the company you’ve either helped to form, purchased an interest in, or otherwise joined for one reason or another. There are many...
Jul 29, 2014
Accountants vs. Lawyers: Using the Right Tools for the Job
Accounting versus Legal — Isn’t so Easy Why is it that time after time, I’m helping small business leaders or owners get out of trouble, because they paid their bookkeeper...