If you’re an athlete, sports lawyer, or legal professional working in New Mexico, you might have heard of the Athlete’s Agent Act. But what does it really mean, and why is it important? Here, we’ll break down everything you need to know about this legislation, its purpose, and how it impacts student-athletes and athlete agents across the state. The Purpose …
Can You Move Your Business (LLC) to Another State?
Relocating your Limited Liability Company (LLC) to a new state can open the door to exciting opportunities such as greater access to customers, lower taxes, or even a better cost of living for you and your team. But moving an LLC isn’t as simple as packing up your desk and hitting the road. It involves legal, financial, and operational considerations …
What Are the Different Types of LLC Dissolution?
Why You Need an Attorney on Your Side Ending a business is rarely an easy decision. Whether it’s due to financial difficulties, changes in goals, or disputes, dissolving a Limited Liability Company (LLC) involves more than just ceasing operations. It’s a formal process that, when done incorrectly, can lead to significant legal and financial complications for everyone involved. For small …
Important Factors to Consider Before Buying a Business
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 …
The Most Common Disputes with Commercial Leases
Navigating the complex world of commercial leases can be difficult, especially when disputes arise. For commercial tenants, property managers, and business owners, understanding common issues that arise in commercial leases is crucial. Let’s take a look at three frequent sources of conflict in commercial leases and tips for resolving them. Common Lease Disputes 1. Rent Increases What’s the Issue? One …
How to Register a Business in New Mexico: A Step-by-Step Guide for Entrepreneurs
Opening a business can be an exciting venture, but it’s filled with legalities that can turn daunting if you’re not prepared. In New Mexico, as in other states, registering your business is a crucial step towards legality and legitimacy. This guide targets small business owners, budding entrepreneurs, and anyone who’s considering the professional assistance of a lawyer during their business …
BLSW Explains the Corporate Transparency Act at The NMDOT Conference
On February 28, 2024 NMDOT Star held their 2024 Conference. Attorney Larry Donahue hosted the “Wednesday Webinar” discussing The Corporate Transparency Act and You. Starting on January 1, 2024 a new law went into effect that requires a significant amount of the US Companies to report Beneficial Ownership Information to the US Government via FinCen. Failure to report their businesses …
Navigating the Skies: A Layperson’s Guide to Aviation Law
The world of aviation is a meticulously controlled zone. For every graceful takeoff and smooth landing, there are thousands of regulations in place governing everything from aircraft manufacturing to pilot’s training. This intricate web of rules and guidelines is known as aviation law, and understanding it is crucial for aviation industry professionals, government officials, and even the common traveler who …
What is the Difference Between an Asset Purchase and a Share or Membership Purchase?
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 …
How Does Seller Financing Work When Buying or Selling a Company?
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 …
