Fiduciary duties lie at the heart of the real estate profession. When individuals engage a real estate broker to help them navigate the process of purchasing property, they are entitled to honesty, loyalty, and the utmost good faith. If a broker breaches these fiduciary duties for personal gain, courts in New Mexico—and elsewhere—have a range of equitable remedies at their …
What Are the Different Types of LLC Dissolution?
Why You Need an Attorney on Your Side Ending a business is rarely an easy decision. Whether it’s due to financial difficulties, changes in goals, or disputes, dissolving a Limited Liability Company (LLC) involves more than just ceasing operations. It’s a formal process that, when done incorrectly, can lead to significant legal and financial complications for everyone involved. For small …
DEI Under Scrutiny: What Small Businesses Should Know About Recent Executive Orders
Over the past few months, the term “DEI”—diversity, equity, and inclusion—has become a frequent topic in the media. In the employment context, DEI refers to policies and practices that support equal opportunity and prevent discrimination in line with established civil rights and labor laws. DEI practices include providing reasonable accommodations for employees with disabilities, safeguarding against age-based discrimination for individuals …
Important Factors to Consider Before Buying a Business
Buying a business can be an incredibly rewarding endeavor, whether you’re an entrepreneur looking for your next challenge or someone eager to become their own boss. However, purchasing a business isn’t something to rush into. There are key factors you need to evaluate to ensure you’re making a wise investment. This blog will guide you through the essential considerations, helping …
What is a Trust?
Trusts are legal arrangements made to serve a variety of specific purposes. They can be seen as legal agreements between a person who sets up the trust and a trustee, who manages assets for beneficiaries. Trusts can serve as an essential component of a person’s estate planning process, particularly when it comes to transferring assets or wealth to heirs or …
Public Information Requests in New Mexico
As a resident or a business her in New Mexico, you might need access to public information held by state agencies or local governments. Thankfully, the state has provisions for the release of such information through what is known as a Public Information Request. However, the process can be complex, and difficult to navigate. In this post, we will discuss …
The Basics: Landlord-Tenant Law in New Mexico
As a landlord or tenant in New Mexico, it is important to understand the laws that govern the relationship between landlords and tenants. One of the most fundamental aspects of this relationship is the landlord-tenant contract. This contract outlines the terms and conditions of the lease agreement and sets the expectations for both parties. In this blog post, we will …
Why should I consider an Employee Non-Compete Agreement
As a business owner, losing your competitive edge is a serious concern. The fear of losing valuable employees to competitors is a serious problem for many other businesses. To mitigate this, employers should consider an Employee Non-Compete Agreement. In this post, we will help you understand what an Employee Non-Compete Agreement is, the benefits of its use, how to set …
Understanding the Equal Employment Opportunity Commission and its Impact on your Business
As a business owner, you understand the rewards and challenges that come with running a successful enterprise. One of these challenges includes dealing with employee grievances, including claims of discrimination or harassment. When an employee files a complaint with the Equal Employment Opportunity Commission (EEOC), it can have serious consequences for your business. Understanding what the EEOC is, how it …
Someone Just Handed You a Contract to Sign — Now What?
No contract can effectively bind a dishonest person. So, a contract’s primary function is to ensure both parties understand the deal. You want to ensure the deal is stated clearly enough that both parties can understand it. There is no way to guide you regarding the intricacies of every contract you may encounter. The greater the contract’s potential financial impact, …
