Sep 13, 2023
How to Remove Owners from an Existing Company
Every business operates under a specific set of rules and regulations that govern its operations. The time may come where a business owners must remove one or more other owners...
operating agreement
Sep 7, 2023
How to Change Ownership Amongst Existing Owners of a Business
When running a business, ownership changes are inevitable as things change over time. Be it retirement, a new opportunity or otherwise, ownership change will confront a business at some point....
Aug 28, 2023
How L4SB can Help Change the Ownership Structure of Your Company
Changing the ownership structure of a business is no small feat. It can be a daunting task for any entrepreneur or businessowner. However, it is one that is sometimes necessary....
Jan 18, 2023
It’s Important to Keep Your Operating Agreement Updated
What is an Operating Agreement? An Operating Agreement is a legal document that outlines the operating procedures of a limited liability company (or LLC). This document is a legal requirement...
Jun 1, 2021
Operating Agreements, Bylaws, and Shareholders Agreements – Why They Matter in Good Times and Bad.
Attorney Ian Alden hosts this important workshop that teaches owners about the essential framework every business needs. Learn how to foster good working relationships with your co-owners in good times...
Feb 25, 2021
What’s So Important About Operating Agreements ?
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...
Aug 17, 2020
How Do You Remove a Member, Shareholder, Director, or Officer from Your Company?
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...
Jul 16, 2020
Investor, Partner or Vendor? How to Contribute to a Company and Benefit By It.
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...
Apr 6, 2020
Applying for SBA Disaster Loans? Make Sure Your Operating Agreement Is Up to Date.
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,...
Mar 10, 2020
Divorce Among Partners: How Not To End Up In Business With An “Ex”
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....
Jan 15, 2020
Operating Agreements and Taxes: What You Need to Know
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...
Jan 13, 2020
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...