Operating Agreements and Taxes: What You Need to Know

January 15, 2020 / by Ian Alden / Document and Contracts / 0 comments

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 […]

What is a Bad Operating Agreement?

January 13, 2020 / by Larry Donahue / Document and Contracts / 0 comments

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 […]

Proper Copyright Licensing is Important

February 14, 2017 / by Larry Donahue / Intellectual Property / 0 comments

Driving to work the other day, I happened to find myself driving behind the truck you see above. Apparently owned (or contracted) by an exterminating company called Manzano Pest Management of Albuquerque, NM. What caught my eye, was the clever little cartoon of the stone-age character pounding little critters with his hammer. Very appropriate for […]

How to Dissolve a LLC Properly

June 9, 2015 / by Larry Donahue / Mergers and Acquisitions / 0 comments

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 from a limited liability company, or LLC. In many ways, the process to dissolve a LLC is very similar to what I described in the […]

Corporations and Limited Liability Companies

March 11, 2014 / by Stephen Comeau / Business Formation / 1 comment

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 this decision, we then examined in summary the legal and tax attributes of sole proprietorship and partnerships. We have elected to discuss corporations and LLC’s […]

Zynga shows how us how NOT to form a company

November 16, 2011 / by Larry Donahue / Business Formation / 0 comments

This last February, I wrote a blog article entitled, Not Incorporating is Risky Business, where I highlighted some of the issues of remaining a sole proprietorship, versus incorporating. What that blog article didn’t touch on, and probably should have, is that while there are plenty of advantages in incorporating, it’s also very important to incorporate […]