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Navigating Commercial Leases: Top 5 Considerations for Entrepreneurs and Business Owners

In Business Tips, Contracts by Kristy DonahueLeave a Comment

When venturing into the world of commercial real estate, signing a lease can be one of the most significant commitments an entrepreneur makes. Unlike residential leases, commercial agreements come with their own set of complexities and negotiation nuances that, if not carefully addressed, could lead to unforeseen challenges down the line. As a business owner, it’s imperative to approach this …

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Find Out If Your Business Needs to Report to FinCen in 2024.

In Business Tips by Larry DonahueLeave a Comment

BLSW has the technology to give you a definite answer, for free, in minutes. The Corporate Transparency Act, or CTA, went into effect on January 1st, 2024.  It requires “beneficial owners” of “new” (formed on 1/1/2024 or after) “small businesses” (less than 500 employees and US-revenue under $5M) to report the personal information to the Financial Crimes Enforcement Division of …

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Free Webinar To Learn About the New Law That Will Effect Small Businesses in 2024.

In Business Tips by Kristy DonahueLeave a Comment

The Corporate Transparency Act goes into effect on January 1, 2024. The new law requires “beneficial owners” of businesses to report their information to FinCEN. Failure to do so in a timely manner is punishable by daily fines and possible jail time. Business Law Southwest Attorney Larry Donahue will be hosting this webinar in conjunction with Albuquerque SCORE. About the …

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What is the Difference Between an Asset Purchase and a Share or Membership Purchase?

In Business Tips, Business Transactions by Gage AndersonLeave a Comment

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 …

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Business Law Southwest Named a 2024 Platinum Family Friendly Business

In Business Tips by Kristy DonahueLeave a Comment

Business Law Southwest was named a 2024 Platinum Level Family Friendly Business by NMfamilyfriendlybusiness.org Here’s what you should know about NMfamilyfriendly.org. Mission: Family Friendly New Mexico’s mission is to recognize and support employers that adopt and implement family friendly policies so that businesses, employees and their families can thrive. Vision: Family Friendly New Mexico envisions that all New Mexican workers are able …

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How Does Seller Financing Work When Buying or Selling a Company?

In Business Tips, Business Transactions by Gage AndersonLeave a Comment

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 …

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Buy Sell Insurance vs. Key Man Insurance: Understanding the Difference and Importance for Your Business

In Business Succession Planning, Business Tips, Dispute Resolution by Larry DonahueLeave a Comment

Starting a business can be an exciting yet daunting experience. While focusing on the business strategies, legalities, and overall growth of the company, the importance of protecting the business from unforeseen circumstances can often be forgotten. This is where insurance comes in, specifically Buy Sell Insurance and Key Man Insurance. In this blog post, we will explore the difference between …