July 16, 2020 / by Larry Donahue / Mergers and Acquisitions / 0 comments
Whether you are an engineer, scientist, artist, developer, financial whiz or just someone with a useful asset, odds are you’ve been asked to join, help or participate in a startup company. If so, and you’re wondering what options are available to participate, this blog article is for you. First, Evaluate Your Personal Preferences Before I […]
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What’s So Important About Operating Agreements ?
February 25, 2021 / by Kristy Donahue / Document and Contracts / 0 comments
Well, to start with, it is one of the most important documents associated with your business yet in so many instances it is the least considered. In fact, a frightening amount of small business owners merely downloaded a generic form and signed it when starting their business with little knowledge as to what was in […]
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How Do You Remove a Member, Shareholder, Director, or Officer from Your Company?
August 17, 2020 / by Kameron Kramer / Dispute Resolution / 0 comments
A common question from many of our clients, or potential clients, is, “How do I remove someone from my company?” Such a common question does not necessarily have an easy answer, to their dismay. The are two possible scenarios – a company with governing documents that detail how the removal is done and a company […]
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Investor, Partner or Vendor? How to Contribute to a Company and Benefit By It.
July 16, 2020 / by Larry Donahue / Mergers and Acquisitions / 0 comments
Whether you are an engineer, scientist, artist, developer, financial whiz or just someone with a useful asset, odds are you’ve been asked to join, help or participate in a startup company. If so, and you’re wondering what options are available to participate, this blog article is for you. First, Evaluate Your Personal Preferences Before I […]
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Applying for SBA Disaster Loans? Make Sure Your Operating Agreement Is Up to Date.
April 6, 2020 / by Kristy Donahue / Document and Contracts / 0 comments
In the mad dash to get in line for the cash coming to business owners via the CARES Act, take a few minutes to reflect on your formation documents. Specifically, your Operating Agreement. If your Operating Agreement is out of date, it could delay your access to the SBA disaster loans. Why is an Operating […]
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Divorce Among Partners: How Not To End Up In Business With An “Ex”
March 10, 2020 / by Larry Donahue / Dispute Resolution / 0 comments
What happens when one of your business partners gets divorced? Unless your Operating Agreement states otherwise, chances are you are now in business with your Partner and their ex -spouse. It’s a well-known fact that half of all marriages end in divorce, yet it is staggering as to how little by way of planning goes […]
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Operating Agreements and Taxes: What You Need to Know
January 15, 2020 / by Ian Alden / Document and Contracts / 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 / 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 […]
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Free Operating Agreement Template – Bad Idea!
January 8, 2020 / by Larry Donahue / Document and Contracts / 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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Important Clauses for LLC Operating Agreements
January 6, 2020 / by Larry Donahue / Document and Contracts / 0 comments
The Operating Agreement acts like a “partnership agreement” between the owners of a LLC. Important clauses for LLC Operating Agreements are critical, and a well-written and customized Operating Agreement for your business is essential to preventing very expensive problems from rearing their ugly heads years later. The problem for many business owners, is they formed […]
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Banking and the Small Business Owner
March 4, 2019 / by Larry Donahue / Business Tips / 0 comments
The Corporate Veil: Don’t pierce it! “Piercing the Corporate Veil” refers to the situation when a court puts aside the protections that are normally associated with an incorporation. The very reason you went to the trouble and expense to incorporate in the first place will be rendered void if you do not routinely exercise a […]
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