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5 Basic Steps to Dissolve a Partnership

Dissolving a Partnership is very similar to a divorce, from both a cost and emotional perspective. While it is never advantageous for the relationship to degenerate into contention, it happens far more often than you might think. Attorney Larry Donahue hosts this informative workshop aimed to help any business owner understand the basic steps to […]

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The Vampire Business Partner Workshop

Learn how to avoid and survive bloodsuckers in business. Grab some garlic and holy water! Things are about to get scary.  Simply put, “Vampire Business Partners” can suck you and your business dry…especially during stressful times such as COVID.    After 25 years of helping business owners disengage from toxic business partners, Attorney-Larry Donahue has […]

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Business Horror Stories: The Vampire Business Partner

Bad business partners suck. When not draining the life out of you, they are probably running your business into the ground.  In most horror tales, vampires start out as intriguing and intelligent characters. It is only after their victims have fallen under their spell does the bloodletting begin. The same could be said for bad […]

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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 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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Operating Agreements and Taxes: What You Need to Know

Operating Agreements and Taxes Hero Image

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?

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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Tax Status for Companies

When clients ask me what type of tax status they should elect for their company, I usually respond with, “Please ask that question to your CPA or Accountant.” After all, a good CPA or Accountant, who understands the needs of your business, is going to be able to make a good recommendation and help you […]

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