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Is Your Business “Essential” 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” 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 stay-at-home …

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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 …

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Do I Really Need to Buy “Extra” Title Insurance for Commercial Real Estate Purchases?

In Business Transactions, Startups by Ross PerkalLeave a Comment

The four most popular “Extra Coverage” options in Title Insurance are: Rights of parties in possession (this exception would include, for example, the rights of a tenant with an unexpired lease term) Encroachments, boundary issues, and other matters that an accurate survey would disclose any easements not shown by the public records, and Construction and worker’s compensation liens If you …

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What is the Right Tax Status for Your Company?

In Corporate Formation, LLC Formation, Startups by Larry DonahueLeave a Comment

When confronted with this question, I usually respond with, “Please ask that question to your CPA or Accountant.” After all, a good CPA or Accountant, who understands the needs of your business, is going to be able to make a good recommendation and help you minimize your tax exposure (legally). Read more in this article, Accountants vs. Lawyers: Using the …

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Congratulations, Jake Goldsmith!

In Business Transactions, Corporate Formation, LLC Formation by Sean FriendLeave a Comment

We are pleased to announce the newest member of the Slingshot Team, Jake Goldsmith!   Jake is a graduate of the University of New Mexico School of Law and was admitted into the New Mexico Bar in 2019.  Practice Areas Jake’s practice areas are Business Agreements, Business Formations, Buying and Selling Businesses, Commercial Transactions, Limited Liability Companies (LLC), Mergers & Acquisitions, Non-Compete Agreements, …

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Moving your business to a different state

In Business Transactions, LLC Formation, Startups by Kameron KramerLeave a Comment

When moving to a different state, the process involved in moving your business along with you can be stressful if not completely confusing.  There are many reasons to not merely shut down the existing company and start a new one. You typically have two options, or possibly three options, depending on the state your company is organized in and the …