Author: Larry Donahue

Larry Donahue is an attorney and founder of Law 4 Small Business, P.C. He is licensed to practice law in Illinois, New Mexico and the US Patent and Trademark Office.

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What is a Bad Operating Agreement?

I bet you could guess that most of our revenue as a law firm, comes from expensive litigation. But, did you know that most of that expensive litigation is due...

Important Clauses for LLC Operating Agreements

Important Clauses for LLC Operating Agreements

The Operating Agreement acts like a “partnership agreement” between the owners of a LLC. Important clauses for LLC Operating Agreements are critical, and a well-written and customized Operating Agreement for...

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Tax Status for Companies

When clients ask me what type of tax status they should elect for their company, I usually respond with, “Please ask that question to your CPA or Accountant.” After all,...

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Expungement of a Criminal Record

Criminal Record Expungement is Effective January 1, 2020 A comprehensive new expungement law in New Mexico authorizes courts to limit public access to non-conviction records one year after disposition if...

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How To: Personal Asset Protection

Personal asset protection is an important idea, especially when you own, manage or lead a business in today’s litigious society. Unfortunately, no one thing can protect you or your business...