Buying a business can be an incredibly rewarding endeavor, whether you’re an entrepreneur looking for your next challenge or someone eager to become their own boss. However, purchasing a business isn’t something to rush into. There are key factors you need to evaluate to ensure you’re making a wise investment. This blog will guide you through the essential considerations, helping …
What is a Trust?
Trusts are legal arrangements made to serve a variety of specific purposes. They can be seen as legal agreements between a person who sets up the trust and a trustee, who manages assets for beneficiaries. Trusts can serve as an essential component of a person’s estate planning process, particularly when it comes to transferring assets or wealth to heirs or …
Public Information Requests in New Mexico
As a resident or a business her in New Mexico, you might need access to public information held by state agencies or local governments. Thankfully, the state has provisions for the release of such information through what is known as a Public Information Request. However, the process can be complex, and difficult to navigate. In this post, we will discuss …
Someone Just Handed You a Contract to Sign — Now What?
No contract can effectively bind a dishonest person. So, a contract’s primary function is to ensure both parties understand the deal. You want to ensure the deal is stated clearly enough that both parties can understand it. There is no way to guide you regarding the intricacies of every contract you may encounter. The greater the contract’s potential financial impact, …
Legal Issues Farmers and Ranchers in New Mexico Need to Know
Farming and ranching in New Mexico isn’t just about cultivating crops and raising livestock; it’s also about navigating complex legal frameworks that can significantly impact operations. From managing agricultural leases to understanding water rights, being aware of the legal landscape is crucial for success. Here’s an overview of the key legal issues farmers and ranchers in New Mexico should keep …
What’s the Difference Between a State Trademark and a Federal Trademark?
If you’re a small business owner or entrepreneur, protecting your brand should be a top priority. Trademarks are a critical step in safeguarding your logo, slogan, business name, and other identifying assets. However, when choosing between a state trademark and a federal trademark, many are unsure which path to take. Both have their merits, but they serve different purposes depending …
What to Do When You’re Hit with a Disciplinary Board Complaint
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 …
Beneficial Ownership Information Reporting (BOIR) the Corporate Transparency Act (CTA) is Currently Suspended by Court Order
FinCEN is currently enjoined (i.e. restrained) from enforcing Beneficial Ownership Information Reporting (BOIR) the Corporate Transparency Act (CTA), by a legal decision from the US District Court for the Eastern District of Texas, see Texas Top Cop Shop, Inc. v. Garland, E.D. Tex., No. 4:24-cv-00478, 12/3/24. If you’ve already submitted your BOIR, that’s okay. There’s nothing for you to do. You …
