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What is Entity Conversion?

Have you talked to an accountant, CPA or even a fellow business owner, and that individual tells you “You need to be an S-Corp,” but you have a limited liability...

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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...

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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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From the Experts – Tax Forms

Going into business for yourself is exciting, and being your own boss can be both rewarding and financially lucrative. However, there is more to going into business than hanging out...

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Return of the C Corporation

If you’re starting a new business (or reorganizing an old one), you have a few options to choose from. For example, you could form a Limited Liability Company (or LLC)....

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How to Dissolve a LLC Properly

Last week, I wrote a blog article entitled How to Properly Dissolve a For-Profit Corporation (in New Mexico), which detailed how to dissolve an S-Corp or C-Corp, which is different...

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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...

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Corporations and Limited Liability Companies

This is our final topic on the subject of things you need to consider in selecting an appropriate business entity. After our initial discussion of general issues involved in making...