Starting a company in the Land of Enchantment is a thrilling venture. With a rich culture and a fiercely loyal local customer base, the state offers plenty of room for innovation. Yet, if you’ve ever wondered exactly why New Mexico small business fail and how to avoid it, you certainly aren’t alone. According to the 2024 SBA New Mexico Small …
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 …
Do I Really Need to Buy “Extra” Title Insurance for Commercial Real Estate Purchases?
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 …
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 …
Business Tips: Building Your Business and Avoiding Halting Debt (Pt. 1)
The saying, “It takes money to make money” generally is true. It might be safer to say that it takes some risk to earn some reward. Most who want to start a business in New Mexico are looking to create financial stability, not to acquire insurmountable debt. Therefore, it is crucial not to fall to into the trap of spending …
What Restrictions are there to Offering Ownership Interests to Investors?
In the business world, most ventures are formed with the idea that those involved have a personal investment in the company they formed. Each founder has put some sort of equity into the business, whether it is through funding, labor or intellectual property.
