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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% …

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Can Businesses Make Exceptions To COVID-19 Face Mask Requirements For Clients?

In Business Tips, COVID-19, Employment Law, Litigation & Lawsuits, Marketing Tips by Larry DonahueLeave a Comment

As businesses slowly reopen from forced closure and the Stay- at- Home requirements are gradually lifted, business owners find themselves trying to navigate the new guidelines of the State, CDC and OSHA while keeping their clients happy.  The mandate for the public to wear masks tends to be the current requirement that is causing the most conversation among business owners …

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What to Consider When Your Tenant Asks You to Renegotiate a Commercial Lease

In Business Tips, Business Transactions, Contracts, COVID-19, Litigation & Lawsuits by Carrie CookLeave a Comment

Is the Lease About to Expire? The first thing to do is look at your lease and determine when the lease is set to expire. Is your tenant attempting to renegotiate for a future lease agreement, or are they trying to renegotiate the rental rate on their current lease? Most leases will specify that the tenant must notify the landlord …

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No-Handshake Policy and Other Policies for Businesses to Consider During (and After) Coronavirus

In Business Tips, Business Transactions, COVID-19 by Kameron KramerLeave a Comment

Handshakes, once a key part of professionalism in the workplace and world of networking, may now be a thing of the past due to coronavirus concerns. As more people return to the workplace, business owners are trying to figure out how to best keep their workers and customers safe while still appearing personable and professional. First impressions are especially important …