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, …
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% …
Purchasing a Business That Has Debt.
Structuring the sale correctly will give you peace of mind and potentially save you thousands. Attorney Don Kochersberger weighs in on what to do when existing debt was not handled appropriately during the sale of a business. Dear Don, My boyfriend and I recently bought a business. It is a gym that my boyfriend has been a trainer at for …
When Your Business Partner Thinks He Is Funny…. But He Is Not.
Attorney Joe Turner weighs in on this complicated but serious issue. Dear Joe, I am in a Partnership with four other Physicians. One of the Partners fancies himself a comedian. He likes to send out joke emails to the entire staff and will often add improper comments to serious ones. The problem, aside from being immature and distracting, is that often …
Can A Landlord Keep Property Owned by a Tenant If The Tenant Breaks Their Lease?
The Landlord’s Lien. Under New Mexico law, a landlord has what is known as a “Landlord’s Lien” on property that is housed within the space that is being rented. This means that a landlord has a lien on the property which remains in the rented location for the rent due under the terms of a lease. If a business has …
What to Consider When Your Tenant Asks You to Renegotiate a Commercial Lease
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 …
