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Anything involving commercial transactions, or the buying or selling of a business.

Understanding Contracts: How do Security Interests work?

Last Updated: No update. New article. Contracts are at the heart of business. At their simplest, contracts are the formalized agreement between two (or more) parties spelling out what each party is required to do and what benefit they’re expecting to get in return. But what happens when one party doesn’t — or can’t — […]

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Stay in the Game- Part 2

Don, Ian and Larry are returning to ESPN Radio on 5/7/2020 @ 3 pm! L4SB is remaining focused on getting Small Businesses through the COVID-19 Crisis. This is an updated day and time! Discussion Topics: Tune in to Team up for New Mexico show on 101.7 The Team, Thursday, May 7, 2020  from 3-4 pm. […]

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GM files racketeering lawsuit

General Motors recently filed an unprecedented federal racketeering lawsuit against Fiat Chrysler They are accusing their rival of bribing United Auto Workers officials to give the company an unfair cost advantage by corrupting the bargaining process, leading to billions in losses for GM. GM alleges a pattern of racketeering by FCA occurring from 2009 to […]

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Understanding Contracts: Asset vs. Stock Purchase

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 […]

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What is a Certificate of Good Standing?

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 with the data listed on our personal credit reports. As business owners and leaders, we must be aware of “Certificate of Good Standing”. For many […]

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What is Consideration in Contract Law?

In previous blog articles, we talked about Exceptions That Can Void A Contract and How to Get Out of a Contract. Both of these articles touch on a very important aspect of contract law that is often overlooked by small business owners: Consideration. Definition Consideration under contract law is defined as a bargained for exchange […]

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