January 15, 2020 / by Ian Alden / LLC, Taxes / 0 comments
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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Operating Agreements and Taxes: What You Need to Know
January 15, 2020 / by Ian Alden / LLC, Taxes / 0 comments
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?
January 13, 2020 / by Larry Donahue / Anonymous LLC, LLC / 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 […]
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Free Operating Agreement Template – Bad Idea!
January 8, 2020 / by Larry Donahue / Anonymous LLC, LLC / 0 comments
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
January 6, 2020 / by Larry Donahue / Anonymous LLC, LLC / 0 comments
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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What is a Business Succession Plan?
September 14, 2018 / by Larry Donahue / Business Law, Business Tips, Certificates, Contracts, Corporations, Resolving Disputes / 2 comments
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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L4SB, BLSW, and Slingshot Law have moved to downtown Albuquerque!
September 13, 2018 / by Larry Donahue / Business Tips, LLC, Locations, Marketing, New Mexico / 0 comments
We’re proud to announce our new corporate offices in Albuquerque, New Mexico. This marks an important milestone for our law firms. In fact, 2017 year was a big year for Business Law Southwest and L4SB. L4SB was named “One of the Fastest Growing Companies for 2017” in New Mexico while the merger between the two […]
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What is a Certificate of Good Standing?
September 11, 2018 / by Larry Donahue / Business Tips, Certificates, Commercial Transactions, Contracts, Florida, Illinois, New Mexico, Texas / 0 comments
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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Registered Agent vs Business Address
July 6, 2016 / by Larry Donahue / Corporations, LLC / 159 comments
Registered Agent vs Business Address Here at L4SB, we form a lot of LLC’s and Companies. Needless to say, our clients have a lot of questions about forming their new company. This blog is written to answer one of our most common questions; what is the difference between the address for a Registered Agent versus […]
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