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Articles related to Limited Liability Companies (LLC)

Operating Agreements and Taxes: What You Need to Know

Operating Agreements and Taxes Hero Image

As you may have gathered from some of our previous articles (for example, read “Does your LLC have a proper Operating Agreement?” and “Important clauses for LLC Operating Agreements“), the Operating Agreement is the foundation of any limited liability company. If yours is missing a lot of key terms and conditions, or, even worse, if […]

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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 to partnership disputes involving a bad Operating Agreement? What is a Bad Operating Agreement? An inadequate Operating Agreement is either a free template you found […]

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Free Operating Agreement Template – Bad Idea!

A free operating agreement typically cause problems for your business

A Free Operating Agreement Template doesn’t make anyone money, so you have to wonder why companies make them available? As a law firm, it probably wouldn’t surprise you to hear that we make most of our money in legal fights — when our clients are in a knock-down, dragged-out fight in litigation. Some of our […]

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Selecting the Right State to Form Your LLC

This is one of those questions where if I was paid a quarter for every time I was asked this question, I would be a rich man indeed. There are many things to consider when choosing the right state to form your LLC in. What is the Right State to Form Your LLC? There is […]

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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 your business is essential to preventing very expensive problems from rearing their ugly heads years later. The problem for many business owners, is they formed […]

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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 perfectly under all circumstances. Therefore, it’s important to implement a number of steps to give you coverage to help protect against a variety of circumstances […]

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Anonymous LLC versus the Corporate Transparency Act of 2019 (H.R. 2513)

Anonymous LLC versus the Corporate Transparency Act of 2019 (H.R. 2513)

Anonymous LLC’s are Still Useful Under H.R. 2513, the Corporate Transparency Act of 2019 First, the good news:  the Corporate Transparency Act of 2019 (HR 2513) does not eliminate the usefulness of our Anonymous LLC.  Our Anonymous LLC is designed to keep personal ownership information off the Internet, so members of the public cannot lookup […]

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Where to Form Your Company: Video Blog

Not sure where to form your company? In this video Larry Donahue, an Attorney with Law 4 Small Business, talks about where you should form your business. Ready to speak to an Attorney? Contact us or give us a call at 505.715.5700 Law 4 Small Business, P.C. (L4SB). A little law now can save a […]

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