View Post

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 …

View Post

Understanding Contracts: Contractor and Subcontractor in a Construction Context

In Business Tips, Business Transactions, Contract Disputes, Contracts by Carrie CookLeave a Comment

Contracting and subcontracting can exist in many arenas, but one of the most common is in construction. If you have ever watched a home renovation show or gone through the excitement of having your own home or business renovated, you have probably heard the terms contractor and subcontractor used. The question is, what is the difference and how much do …

View Post

Employment Contracts: Why They Are Important and How You Can Use Them to Protect Your Business.

In Break-ups & Partnership Disputes, Business Tips, Business Transactions, Contract Disputes, Contracts, Dispute Resolution, Employment Contract, Employment Law, Non-Compete Agreements, Non-Disclosure (NDA) & Confidentiality Agreements, Partnerships by Joseph TurnerLeave a Comment

Hiring new employees is a difficult process. You have to be sure they are properly suited for their position and have a personality and temperament which will suit the work environment you have spent time and effort putting together. This coupled with negotiating benefits, salary, and slotting in time for training in an already busy schedule can seem overwhelming and …

View Post

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 …

View Post

Today Is a Good Day For a Business Succession Plan.

In Break-ups & Partnership Disputes, Business Tips, Business Transactions, Lawyer Succession, Partnerships by Kristy DonahueLeave a Comment

“Unexpected events can set you back or set you up. It’s all a matter of perspective.”  Mary Anne Radmacher Let’s face it. In today’s Coronavirus environment, we are all weighing the “What If’s?” in our heads. All the things as a business owner you thought you could put off until tomorrow need to be addressed… today. Having a business succession …

View Post

Moving Out of New Mexico; Should you sell your business, or move it with you?

In Business Transactions, LLC Formation by Ian AldenLeave a Comment

If you choose to sell your business There are certainly options available to you. For example, there are business brokers who specialize in finding buyers for viable businesses. They typically take a percentage of the sale price as a fee or commission and help negotiate the terms of the sale between the buyer and seller. Typically, brokers who want to …

View Post

What Counts as “Essential Business” in Today’s COVID-19 Environment?

In Business Tips, Business Transactions by Don KochersbergerLeave a Comment

Recently the Governor of New Mexico issued a stay at home instruction for New Mexicans.   https://cv.nmhealth.org/2020/03/23/state-enacts-further-restrictions-to-stop-spread-including-stay-at-home-instruction/  The order lists what types of businesses have been deemed “essential business” but falls short of offering much detail other than that.   The fact of the matter is many businesses provide products and services that their owners/managers certainly believe to be essential in today’s …

View Post

Can You Simply Transfer Your Ownership in A Business to Someone Else?

In Business Transactions, Contracts, Partnerships by Carrie CookLeave a Comment

You have ownership in a business, but you don’t want to be involved in the business anymore.  Or, maybe you want to assign the distributions you receive from an LLC to payoff a debt.  Can’t you simply just transfer your ownership to someone else without having to go through a lengthy, legal process? Time to check your Operating Agreement As …