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 …
How Subchapter V Bankruptcy Can Help Save New Mexico Small Businesses
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 …
Employees Showing Symptoms of COVID-19? Here’s What To Do Next.
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 …
It’s Yours!….Until We Break Up.
Attorney Alicia McConnell sorts the facts from assumption when it comes to business assets and break-ups. Dear Alicia, I started a business five years ago. It is a courier service. Two years ago, I needed to expand and hire another driver. My boyfriend at the time offered to a buy a car for my business to use. He purchased it, …
Understanding Business Bankruptcy
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) …
Why Is Privacy In Business Almost Extinct?
In an interview with The Small Business Exchange, Larry Donahue discusses privacy in the digital age. Larry Donahue is a Partner at BLSW. Along with being tasked with Management of the Internet Division, he is also know within the legal community at large as the “Father” of the Anonymous LLC. For nearly two decades, Donahue has been explaining the virtues …
Business Law Southwest Adds Attorney To Litigation Team
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, …
New Mexico Dram Shop Law
Dram Shop Laws are enforced in 43 states. New Mexico is one of them. Dram Shop Laws pertain to bars, taverns and other establishments that serve alcohol. The laws strive to achieve two main goals. First, to discourage the sale of alcohol to minors. Second, to hold accountable businesses who, by over serving a patron, have contributed to the injuries …
Do You Know About The “Decline” Credit Card Scam?
“That’s strange, I have plenty of credit…try the card again.” “Hogwash!” cries Ginger Hollowell author of “Secrets of Credit Card Processing Fees Revealed” and Owner of the Electric Money Company. https://electronicmoneycompany.com/ “When a card is declined at point of sale, it means the card DOES NOT have enough credit for the purchase. That simple. ” According to Ms. Hollowell, this …
Is Your Business Required To Pay Business Taxes During The COVID-19 Pandemic?
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% …
