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PPP Loans and Tax Credit: Free Virtual Workshop For Business Owners

In Business Tips, COVID-19, Employment Law, Marketing Tips by Kristy DonahueLeave a Comment

BLSW Attorneys are teaming up with SBDC New Mexico for a free online workshop for business owners. Join attorneys Larry Donahue and Ian Alden on January 15 to learn about the latest in PPP funding. New round of stimulus funds Employee tax credits What you can do to limit the amounts you need to pay back The workshop is free. …

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What You Need To Know About Business In 2021

In Business Tips, Business Transactions, Contract Disputes, Contracts, COVID-19 by Alicia McConnellLeave a Comment

BLSW’s Senior Litigator shares words of wisdom as we head into the New Year. If 2020 has taught us anything, it sure seems to be that we can never fully know what the future will bring. Now that we have seen and experienced the COVID-19 pandemic and the associated fallout that it has brought, we have gained some insight on …

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Free Virtual Workshop for Tourism Focused Businesses in New Mexico

In Bankruptcy, Business Tips, COVID-19 by Kristy DonahueLeave a Comment

Preparing you and your tourism business for post-pandemic decisions Date: October 27, 2020 Time: 9:00 am – 4:30 pm Virtual Venue: GoToMeeting Brought to you by The NM Department of Tourism in a partnership with New Mexico True, SBDC New Mexico and Law 4 Small Business. This virtual workshop is designed to assist New Mexico’s small tourism businesses with forecasting the most …

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How To Avoid A Commercial Real Estate Disaster.

In Business Tips, Business Transactions, Contracts, COVID-19 by Larry DonahueLeave a Comment

Common mistakes inexperienced business owners make when signing leases. There are no laws on the books to protect a business owner from a bad commercial lease. Now, pause and re-read that sentence. Pause again and let that sink in. There are laws to protect you from unfair loan practices, defective merchandise and breaches of contract. But, if you willingly signed …

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How Subchapter V Bankruptcy Can Help Save New Mexico Small Businesses

In Bankruptcy, Business Tips, Business Transactions, COVID-19 by Larry DonahueLeave a Comment

The Small Business Reorganization Act of 2020 may be the silver lining in an otherwise stormy year for small businesses. The Bankruptcy Abuse and Prevention Act of 2005 was created with the intention to curb the miss use of bankruptcy laws. As such, the Act required new paperwork and reporting requirements of businesses wanting to file for Chapter 11. The …

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Employees Showing Symptoms of COVID-19? Here’s What To Do Next.

In Business Tips, COVID-19, Legal Compliance by Joseph TurnerLeave a Comment

Attorney Joe Turner discusses what small business owners need to consider. Dear Joe, I run a small clothing store in the Albuquerque area, and one of my long-time employees has called in sick. We do not know, but she might have Coronavirus based on their symptoms. They have scheduled an appointment to be tested. I was wondering what my next …

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Understanding Business Bankruptcy

In Bankruptcy, Business Tips, Business Transactions, COVID-19 by Stephanie SchaefferLeave a Comment

Business bankruptcies can be an excellent tool to help businesses deal with unsustainable levels of debt Depending on the severity of your debt, filing for bankruptcy could be the most sensible solution for keeping your business alive. It might allow your company to recover without the same burdens that nearly led to its demise or allow you as the owner(s) …

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Business Law Southwest Adds Attorney To Litigation Team

In Bankruptcy, Business Tips, Business Transactions, COVID-19 by Kristy DonahueLeave a Comment

Stephanie L. Schaeffer, Esq. brings new service offerings to BLSW Clients Stephanie L. Schaeffer, Esq has joined Business Law Southwest as an Associate Attorney. With nearly two decades of legal experience, Ms. Schaeffer is a fantastic fit for the BLSW team. Ms. Shaeffer’s excels in commercial litigation, real estate law and bankruptcy law.  Partner and Manager of the litigation group, …

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Is Your Business Required To Pay Business Taxes During The COVID-19 Pandemic?

In Business Tips, COVID-19, Legal Compliance by Ian AldenLeave a Comment

For the most part, the answer is no – that is to say, individuals are still required to pay taxes, as are businesses. That being said, there are a few COVID-related exceptions. First, in the CARES Act, Congress allowed for a deferral of the employer’s portion of Social Security taxes for periods between March 27, 2020 and December 31, 2020, payable 50% …