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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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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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How to Start a Restaurant

Starting your own restaurant is a huge endeavor. According to the National Restaurant Association, in 2019 there is $863 billion in projected sales in the restaurant business. There is a ton of money to made in opening a restaurant, but you must do things correctly from the beginning in order to be profitable. Simply having […]

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What is a Business Succession Plan?

Business Succession Planning

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 […]

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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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Planning Your Business

“If you fail to plan, you are planning to fail” – Benjamin Franklin As fatalistic as it may sound, Mr. Franklin does have a point. When it comes to starting a business, ‘winging-it’ really isn’t the brightest option. Now we’ve all heard miraculous stories of businesses that fell into overnight success. The sad truth is […]

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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 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 […]

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