Whether you’re running a small business, practicing medicine, or working in any professional organization, a disciplinary board complaint is one of the most stressful challenges you can face. It doesn’t just threaten your reputation—it could have serious impacts on your career or business. Knowing how to respond strategically to this situation is critical. Here’s a step-by-step guide to help you …
Beneficial Ownership Information Reporting Requirement Reinstated on 12/23/2024
Beneficial Ownership Information Reporting (BOIR) the Corporate Transparency Act (CTA) IS NO LONGER SUSPENDED by Court Order As of December 23rd, 2024, FinCEN is no longer enjoined (i.e. restrained) from enforcing Beneficial Ownership Information Reporting (BOIR) the Corporate Transparency Act (CTA). The Fifth Circuit, United States Court of Appeals, has granted the US Government’s emergency motion to stay the lower court’s order …
How Might the New Trump Presidency Affect Business Owners?
The beginning of any presidency brings a wave of questions about changes to policy and how it might impact different sectors of society — particularly businesses. For small business owners and entrepreneurs, understanding how the Trump administration’s policies will shape the economy, regulations, and opportunities is essential for making informed decisions. Here’s a breakdown of potential areas of impact under …
Business Law Southwest Partners Up With Score Albuquerque To Help Business Owners Navigate Impending Deadline.
Firm Partner Larry Donahue will hosting a free webinar to help businesses better understand the Corporate Transparency Act and the filing of Beneficial Ownership Information Reports (BOIR) for the majority of all Small Businesses in the United States. Here is the most important take away you need to know about. Failure to properly report beneficial ownership information (BIOR) by January …
Understanding Creditor Rights: A Guide for Small Business Owners
Navigating the complexities of creditor rights is crucial for small business owners. Ensuring you understand these rights not only helps protect your interests but also solidifies your position during financial disputes. This blog aims to demystify creditor rights, bankruptcy laws, and debt collection processes while highlighting the importance of hiring an attorney. What are Creditor Rights? Creditor rights refer to …
Default Judgments in Lawsuits: What Business Owners Need to Know
When you’re running a business, facing a lawsuit can be overwhelming. The legal process is complex, and the consequences of missteps can be severe. One of the gravest errors a business can make is ignoring a lawsuit, which often leads to a default judgment. This outcome is not just a small hiccup; it’s a significant legal and financial setback that …
Understanding Creditor’s Rights in Business Law
In the complex world of business law, one critical area that both businesses and legal professionals need to comprehend is creditor’s rights. These rights play a pivotal role in the financial and operational stability of businesses, impacting everything from cash flow management to bankruptcy proceedings. This blog post aims to demystify what creditor’s rights are, why they matter, and how …
The Most Common Disputes with Commercial Leases
Navigating the complex world of commercial leases can be difficult, especially when disputes arise. For commercial tenants, property managers, and business owners, understanding common issues that arise in commercial leases is crucial. Let’s take a look at three frequent sources of conflict in commercial leases and tips for resolving them. Common Lease Disputes 1. Rent Increases What’s the Issue? One …
Registered Agent vs. Resident Agent: Understanding the Distinction for Business Owners
When navigating the intricate world of business formation and compliance, terminology can often become a hurdle. Among the various roles and responsibilities that must be addressed, the concepts of a “Registered Agent” and a “Resident Agent” frequently emerge, leading to confusion among entrepreneurs and business owners. Are they interchangeable terms, or do they signify different roles? This blog post aims …
The Critical Importance of Keeping Your Operating Agreement Updated
In the dynamic world of entrepreneurship, an operating agreement serves as the constitutional backbone of a Limited Liability Company (LLC). It’s an essential document that details the ownership structure, operating procedures, and outlines how critical decisions are made within your business. But what many small business owners may overlook is the significance of keeping this foundational document up to date. …
