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 …
Explore the Pros & Cons of LLCs
Attorney Ian Alden and The ABQ Hispano Chamber of Commerce Join Forces Registration: https://www.chamberorganizer.com/members/evr/reg_event.php?orgcode=AHCC&evid=69789321 Business Law Southwest. Business law that makes business sense.
What is an Anonymous LLC?
An Anonymous LLC is a limited liability company (or LLC) that does not disclose ownership information at the Secretary of State’s Office where the LLC is filed. Such an entity provides the standard benefits that all LLC’s provide, but also provides additional security in the form of anonymity. Anonymity is important to land owners / landlords, abuse victims, politically active …
What Is Personal Liability? (And How To Avoid It)
By using LLCs, Corporations, and Insurance to your advantage, you can avoid personal liability. Forming a new business is not enough. Business owners need to engage in a daily practice of proper banking practices, utilizing insurance and proper internal policies to avoid personal liability for company obligations. This workshop is full of helpful hints to keep a business owners’ personal …
LLC’s: What Are They and What Are Their Pros and Cons?
Limited liability companies (LLCs) are popular due to their basic benefits of liability protection and are typically used by a company with two or more owners. LLCs protect the owners’ personal assets from losses, company debts, or court rulings against the company as long as the owners keep their debts and assets separate from the LLC. LLCs may also provide …
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 …
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 …
Moving Out of New Mexico; Should you sell your business, or move it with you?
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 …
What is the Right Tax Status for Your Company?
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 …
Moving your business to a different state
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 …
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