Food? Check. Truck? Check. Now you’re ready to make your business official. One of the steps in this journey is starting an LLC for your mobile eatery, the good news is it’s not as difficult as you might think. Why have an LLC for my Food Truck? For Food Trucks, LLC’s provide a formal business […]
So, you’re looking at purchasing someone’s business or selling your business, but what exactly does that mean? You have two primary options: an asset purchase or a stock purchase. It’s very important you understand the differences in order to know which one is best in your situation. What’s the difference? Asset Purchase With an asset […]
One of the benefits of information being so readily available online these days it that it takes some of the mystery out of hiring employees. Everyone puts their best face forward in an interview but how is a Business Owner or Manager to really know who it is they are hiring? Conveniently, the advent of […]
The Corporate Veil: Don’t pierce it! “Piercing the Corporate Veil” refers to the situation when a court puts aside the protections that are normally associated with an incorporation. The very reason you went to the trouble and expense to incorporate in the first place will be rendered void if you do not routinely exercise a […]
In our second segment of “Ask a Lawyer” we featured questions from David Richter. David graduated from the University of California at Davis School of Law (J.D., 2005) where he served as student coordinator for the King Hall Immigration Clinic and assisted in the creation of an advocacy unit for non-citizen criminal defendants. After graduating, […]
LLCs, Anonymous LLCs, C Corps, S Corp, Sole Proprietor…. Could you use a little guidance? What IS the best structure for my business? There are many choices when it comes to how to setup your business. As you might expect, every choice comes with certain rules and ramifications that will not only determine how your […]
If you’re familiar with the different types of businesses out there, you’ve probably heard something about S Corporations or “S-Corps”. Maybe a friend or colleague told you about some of their benefits, and maybe you’re even thinking about making one. Before you do, it’s important to understand why an S-Corp can be so beneficial to its […]
Almost all types of businesses deal with liens, one way or the other. If you borrow money or have a line-of-credit with a vendor, chances are there is a lien on some form of property or asset of your business. Similarly, if your business is in construction, real estate improvement of any type, loans money […]
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 to collectively learn from their mistakes and successes. According to Forbes, “Business owners and businesses have to be flexible, evolving and adapting with what is […]
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, business has come to a standstill. No one knows how to access the files that reflect the status of work in progress. No one has […]
The L4SB Business Tips Series, as well as general business tips for L4SB clients and small business in general.
How to Form an LLC for your Food Truck
July 12, 2019 / by Sean Friend / Business Tips, Contracts, LLC, Small Business / 0 comments
Food? Check. Truck? Check. Now you’re ready to make your business official. One of the steps in this journey is starting an LLC for your mobile eatery, the good news is it’s not as difficult as you might think. Why have an LLC for my Food Truck? For Food Trucks, LLC’s provide a formal business […]
Read more
Understanding Contracts: Asset vs. Stock Purchase
May 15, 2019 / by Kameron Kramer / Business Law, Business Tips, Commercial Transactions / 0 comments
So, you’re looking at purchasing someone’s business or selling your business, but what exactly does that mean? You have two primary options: an asset purchase or a stock purchase. It’s very important you understand the differences in order to know which one is best in your situation. What’s the difference? Asset Purchase With an asset […]
Read more
A Guide for Safe Hiring
April 4, 2019 / by Larry Donahue / Business Tips, Employee Management / 0 comments
One of the benefits of information being so readily available online these days it that it takes some of the mystery out of hiring employees. Everyone puts their best face forward in an interview but how is a Business Owner or Manager to really know who it is they are hiring? Conveniently, the advent of […]
Read more
Banking and the Small Business Owner
March 4, 2019 / by Larry Donahue / Business Tips, Small Business, Taxes / 0 comments
The Corporate Veil: Don’t pierce it! “Piercing the Corporate Veil” refers to the situation when a court puts aside the protections that are normally associated with an incorporation. The very reason you went to the trouble and expense to incorporate in the first place will be rendered void if you do not routinely exercise a […]
Read more
Ask A Lawyer with David Richter
February 25, 2019 / by Sean Friend / Ask A Lawyer, Business Tips, New Mexico / 2 comments
In our second segment of “Ask a Lawyer” we featured questions from David Richter. David graduated from the University of California at Davis School of Law (J.D., 2005) where he served as student coordinator for the King Hall Immigration Clinic and assisted in the creation of an advocacy unit for non-citizen criminal defendants. After graduating, […]
Read more
Available Now! The Business Entity Decision Maker
January 15, 2019 / by Kristy Donahue / Business Law, Business Tips, Corporations, LLC, Other Corporate Entities, Small Business / 0 comments
LLCs, Anonymous LLCs, C Corps, S Corp, Sole Proprietor…. Could you use a little guidance? What IS the best structure for my business? There are many choices when it comes to how to setup your business. As you might expect, every choice comes with certain rules and ramifications that will not only determine how your […]
Read more
A S-Corporation May Help You Save a Lot in Taxes
December 6, 2018 / by Ian Alden / Business Tips, Corporations, Small Business, Taxes / 4 comments
If you’re familiar with the different types of businesses out there, you’ve probably heard something about S Corporations or “S-Corps”. Maybe a friend or colleague told you about some of their benefits, and maybe you’re even thinking about making one. Before you do, it’s important to understand why an S-Corp can be so beneficial to its […]
Read more
Art of the Lien: Types of Liens and How to Avoid Them (Part 1)
October 31, 2018 / by Larry Donahue / Business Tips, Contracts / 0 comments
Almost all types of businesses deal with liens, one way or the other. If you borrow money or have a line-of-credit with a vendor, chances are there is a lien on some form of property or asset of your business. Similarly, if your business is in construction, real estate improvement of any type, loans money […]
Read more
When We Work Together – We All Succeed
September 27, 2018 / by Sean Friend / Business Tips, Marketing, Small Business / 0 comments
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 to collectively learn from their mistakes and successes. According to Forbes, “Business owners and businesses have to be flexible, evolving and adapting with what is […]
Read more
Planning for the Unthinkable
September 14, 2018 / by Larry Donahue / Business Law, Business Tips, Certificates, Contracts, Corporations, Resolving Disputes / 2 comments
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, business has come to a standstill. No one knows how to access the files that reflect the status of work in progress. No one has […]
Read more