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 …
What is the Difference Between an Asset Purchase and a Share or Membership Purchase?
If you are a business owner interested in purchasing or selling a company, it is essential to understand the different types of transactions available. Two of the most commonly used types are asset purchase and share or membership purchase. While they may seem similar, there are significant differences in how they work and the outcomes they produce. This post will …
How Does Seller Financing Work When Buying or Selling a Company?
Buying or selling a company can be a complicated process, and the financing options available can make all the difference. One financing option that’s gaining popularity, especially for small to medium-sized businesses, is seller financing. This arrangement involves the seller financing part or all of the sale price of the business, rather than relying solely on a third-party lender. In …
Changes in Ownership: Addition and Removal
As your business grows, it may become necessary to add or remove owners from your company. There can be various reasons behind this decision – whether it be for financial reasons, personal reasons, or simply to bring on a new partner. However, this process can be tricky and it’s important to know the proper steps to take to ensure a …
Understanding Forgery and Its Harmful Impact on Businesses
Forgery can have a devastating impact on businesses of all sizes, as it can result in financial loss, legal complications, and damage to reputation. If your business has fallen victim to forgery, it’s crucial to consult a lawyer right away to protect your interests. In this blog post, we will take a closer look at what forgery is, why it’s …
Corporate Transparency Act: What is a Reporting Company Applicant?
In January of 2024 FinCEN will require businesses to report beneficial ownership, as outlined in the Corporate Transparency Act. The legislation includes the term ” Reporting Company Applicant.” But what is that exactly, and how does it fit into this new law? This article will explore what a Reporting Company Applicant is, and how it relates to the Corporate Transparency …
