TL;DR: Preparing your business for a sale requires organizing 3 to 5 years of financial records, obtaining a professional valuation, and resolving pending legal disputes. Business owners must also formalize operational procedures and secure intellectual property to survive buyer due diligence and maximize the company’s final purchase price. Selling a business stands as one of the most significant financial and …
What Happens When You Sell Your Name?-The Hidden IP Risks of Business Sales
Selling Your Business Name? Know the IP Risks First When your personal name is also your business name, selling that business may mean permanently surrendering the right to use your own name commercially. Understanding the intellectual property risks of selling a business name—before you sign—can protect your identity, your future ventures, and your earning potential. Building a business from the …
Should Your Family Trust Finance Your Next Commercial Build?
Commercial real estate development often feels like the ultimate wealth-building frontier. The vision is compelling: raw land transformed into a bustling retail center, an office complex, or a multi-family housing unit, generating passive income for generations. For business owners and families with significant assets locked in a family trust, the temptation to use those funds to purchase land for a …
Do You Owe Your Law Firm a 1099? A Guide for Businesses
Tax season often brings a flurry of paperwork, and for business owners, keeping track of reporting requirements is crucial. One area that frequently causes confusion is payments made for legal services. You might assume that because your law firm is a corporation, you don’t need to send them a Form 1099. However, the rules for legal services are unique. Understanding …
Don’t Let Fine Print Sink Your Business: A Contract Review Guide
A compelling offer has a way of narrowing your focus. The headline number looks good, the opportunity feels right, and before long, you’re skimming the remaining pages rather than reading them. For business owners, executives, and professionals, that habit carries real financial risk—because the terms that can hurt you most are rarely the ones at the top of the page. …
Probate in New Mexico: Myths vs. Reality
Navigating the loss of a loved one is a profoundly difficult experience. Amid the grief, families must also address the legal process of settling the deceased’s affairs, a process known as probate. In New Mexico, many people hold mistaken beliefs about probate that can lead to costly errors, family disputes, and unnecessary stress. Understanding the reality of probate and the …
Gen AI and Copyright: Navigating the New IP Frontier
Generative artificial intelligence has exploded from a niche concept into a mainstream business tool. Companies are using AI to draft marketing copy, design products, write code, and create stunning visual art. This technology promises unprecedented efficiency and innovation. However, it also opens a legal Pandora’s box, leaving creators and businesses grappling with fundamental questions about copyright law. Who owns an …
Navigating New Mexico’s Worker Classification Landscape
New Mexico’s economic landscape is dynamic, with thriving tourism, a growing tech sector, and countless small businesses forming the backbone of local communities. However, this growth brings complexity, particularly concerning state labor laws. Ongoing debates around worker classification, minimum wage adjustments, and mandatory benefits create a challenging environment for business owners. Misinterpreting these laws isn’t just a simple mistake; it …
Celebrating Excellence: Our Platinum Level 2026 NM Family Friendly Business Award
We are thrilled to announce that our law firm has been recognized as a Platinum Level 2026 NM Family Friendly Business! This prestigious designation highlights our unwavering commitment to fostering a workplace that supports employees and their families, ensuring a thriving and balanced environment for all. What is the NM Family Friendly Business Award? The NM Family Friendly Business Award®, organized by Family …
What to Do When ICE Targets Your Workplace
An investigation or raid by U.S. Immigration and Customs Enforcement (ICE) can be a disorienting and stressful experience for any business owner. Your primary concerns likely split between protecting your employees and safeguarding your business operations. Understanding your rights and responsibilities is the first step toward navigating this challenging situation. This guide provides a clear, step-by-step approach for business owners. …
