Dec 18, 2022
De Facto Partnerships are Dangerous
What is a De Facto Partnership? A de facto partnership, sometimes called an “Ad Hoc Partnership”, is an informal business arrangement between two or more parties. It is a spontaneous...
limited liability
Dec 15, 2022
Domestic Limited Liability: Everything You Need to Know
What is a Domestic Limited Liability Company? Domestic limited liability (also called a “Limited Liability Company” or “LLC”) is a type of business structure in which the owners of the...
Apr 12, 2017
VARA: How Artists Can Protect Their Rights
As business attorneys, we frequently deal with copyright questions related to graphic arts and other commercial artwork. Usually this means putting agreements in place to make sure everyone owns the...
Apr 5, 2017
Avoiding Trademark Ownership Pitfalls
We help a lot of small businesses protect their trademarks and one issue that comes up frequently is identifying the correct owner. This is the very first entry you must...
Mar 8, 2017
How Much Anonymity do Anonymous LLC’s provide?
I’ve written in the past about anonymous LLC’s. See the list of blog articles here. What I’m often asked, is just how much anonymity is provided by Anonymous LLC’s, and...
Jan 26, 2017
Boilerplate Matters in Contracts
I’ve been running into a lot of contracts disputes lately where a party’s rights were potentially affected by missing boilerplate provisions. Boilerplate generally refers to language that is reused from one...
Sep 8, 2015
What is a sole-member LLC (or limited liability company)?
Decisions, Decisions When it comes to Business Structure, there is a maddening array of choices. Each has its own costs, benefits and downsides. It would take pages upon pages to...
Jun 4, 2014
Considerations when Buying a Partnership Interest
Although we have covered in some detail the necessary steps and issues encountered when creating a new business, we have not discussed what you need to consider when buying “into”...
Feb 14, 2014
Sole Proprietorships
In our previous blog article about choosing a business entity, the first and simplest form of business on the “menu” was the “sole proprietorship.” Notice that we referred to this as...
Oct 31, 2011
How to Properly Dissolve a For-Profit Corporation (in New Mexico)
There are quite a few steps to dissolving a for-profit corporation There is a wealth of information on the Internet on how to form a company, but very little good...
Jan 21, 2011
Small Case Study: Riches to Rags
When just a couple of customers refuse to pay their invoices, it starts a chain reaction from which the business owner couldn't recover, taking their thriving business from riches to rags