Attorney Stephanie Schaeffer advises against “lazy” financial practices among managing members of multiple companies. Since joining BLSW earlier this year, I have worked several matters regarding business member disputes. Some of these disputes could have easily been resolved if the parties had documented their financial action or if they had documented the “deal” they had regarding purchasing membership interest. Still …
What You Need To Know About Business In 2021
Firm Partner, Don Kochersberger talks about the dollars tied to documentation. Failure to consider how you store and retain your business’ documents can be a very serious and costly mistake. Even if they have never seen the inside of a courtroom or been involved in a lawsuit, every business owner knows that litigation is ridiculously expensive and something to avoid …
What You Need To Know About Business In 2021
BLSW’s Senior Litigator shares words of wisdom as we head into the New Year. If 2020 has taught us anything, it sure seems to be that we can never fully know what the future will bring. Now that we have seen and experienced the COVID-19 pandemic and the associated fallout that it has brought, we have gained some insight on …
Are You Being Held Captive By Your Merchant Services Provider?
It is astonishing how many businesses continually set themselves up to pay outrageous fees and penalties. As business attorneys, we are skilled at reading contracts for our clients and pointing out any unfair or questionable content. However, most business owners enter into contracts everyday without consulting a business attorney. Naturally, if everything goes well, there are generally no issues. However, …
Free Virtual Workshop for Tourism Focused Businesses in New Mexico
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 …
How To Avoid A Commercial Real Estate Disaster.
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) …
