When you’re running a business, facing a lawsuit can be overwhelming. The legal process is complex, and the consequences of missteps can be severe. One of the gravest errors a business can make is ignoring a lawsuit, which often leads to a default judgment. This outcome is not just a small hiccup; it’s a significant legal and financial setback that …
Ways for Businesses to Pay for Costly Litigation and Lawyers’ Fees
Litigation is expensive and many clients are not prepared for the financial investment necessary for filing a lawsuit. Litigation can take months or even years, during which attorney’s fees and other legal expenses continue. After the retainer fee, clients continue paying the attorney as the case progresses. Thus, it is essential to plan for protracted legal expenses. With a formidable …
Changes in Ownership: Addition and Removal
As your business grows, it may become necessary to add or remove owners from your company. There can be various reasons behind this decision – whether it be for financial reasons, personal reasons, or simply to bring on a new partner. However, this process can be tricky and it’s important to know the proper steps to take to ensure a …
What a Litigation Attorney Can Do For You
When it comes to legal matters, hiring the right lawyer is essential. If you’re in need of a lawyer, you may have heard of litigation attorneys and wondered what they are and what they can do for you. In this blog post, we’ll give you a brief overview of litigation attorneys and why they may be the right fit for …
BLSW Tops Expertise.com’s List of Litigators
A Ranking in Professionalism, A+ Ranking in Reputation Once again, Business Law Southwest has been recognized by Expertise.com for their outstanding New Mexico Litigation Team ! Expertise’s Selection Criteria: Availability-Consistently approachable and responsive, so customers never feel ignored. Qualifications-Building customer confidence with licensing, accreditations, and awards. Reputation-A history of delighted customers and outstanding service. Experience-Masters of their craft, based on …
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 …
General Liability Insurance vs. Liquor Liability
Assuming general liability insurance covers liquor liability is a mistake. Many business owners are surprised to learn that their general liability insurance does not cover liquor liability. The confusion stems from “host liquor” liability coverage, which is regularly listed within a general liability policy. Host Liquor Liability Coverage will only provide protection related to the incidental service of alcohol; it …
Things To Consider When Preparing Your Settlement Agreement
So you finally found a way to settle that legal dispute you had – congratulations! You’re almost there, now you just need to define the terms of the agreement you reached. Don’t overlook this part of the process – a settlement agreement that fails to adequately describe the parties’ intentions and obligations can lead to additional disputes between the parties, …
Not Happy With How Your Lawsuit is Progressing?
Every week, I talk to at least one new client lead who wants to switch attorneys. They call us, explaining they are not happy with the progress of their lawsuit, and want to hire a new attorney or law firm to get involved. Does this sound like you, or afraid this could happen to you? Most of the time, after …
What Is So Important About An Operating Agreement?
It is one of the most important documents associated with your business yet in so many instances it is the least considered. In fact, a frightening amount of small business owners merely downloaded a generic form and signed it when starting their business with little knowledge as to what was in the document. The Operating Agreement for your business dictates …
