Apr 21, 2020
What is Fair Pay for Work Done?
Suppose you have a small manufacturing shop. A customer you have made parts for in the past calls and says he has an emergency. He asks that you manufacture, right...
Document and Contracts
Apr 9, 2020
Consideration in Contracts
We all know that business deals involve careful consideration of company finances, risk, and potential gain. But the contracts underlying those deals involve another form of consideration—something that demonstrates each...
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 23, 2020
Why Purchase Agreements Should Not Be Templates.
In previous blogs, I’ve talked a bit about why it’s a good idea to have an attorney prepare proper purchase documents – Purchase Agreements, a Bill of Sale, and possibly...
Mar 20, 2020
Using a Force Majeure Clause to Re-Negotiate with Vendors and Landlords in Light of the COVID-19 Pandemic?
In today’s COVID-19 environment, businesses are being told to close their doors and send employees homes. As such, many business owners are struggling to earn enough revenue to be able...
Feb 19, 2020
Beware of Real Estate Contracts
Although more common on the residential side, business owners sometimes sign real estate contracts instead of mortgages as a way to get into the property fast. Real estate contracts may...
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...
Jan 8, 2020
Free Operating Agreement Template – Bad Idea!
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...
Jan 6, 2020
Important Clauses for LLC Operating Agreements
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...
Nov 12, 2019
Co-working Agreements
These days, flexibility is the name of the game when it comes to working in a wide range of industries. Inspired by companies like Impact Hub and WeWork, entrepreneurs and...
Oct 21, 2019
Liquidated Damages in a Credit Card Processing Agreement
Law 4 Small Business is pleased to feature our guest blog writer, Gingergaye Hollowell. The Most Costly of Termination Fees Period! When you choose a credit card processor, you will...