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What Is Personal Liability? (And How To Avoid It)

In Business Tips, Contracts, Corporate Formation, Dispute Resolution, Litigation & Lawsuits, LLC Formation by Kristy DonahueLeave a Comment

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 …

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General Liability Insurance vs. Liquor Liability

In Business Tips, Litigation & Lawsuits by Kristy DonahueLeave a Comment

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 …

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Things To Consider When Preparing Your Settlement Agreement

In Break-ups & Partnership Disputes, Business Tips, Business Transactions, Dispute Resolution, Litigation & Lawsuits by Alicia McConnellLeave a Comment

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, …

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What Is So Important About An Operating Agreement?

In Break-ups & Partnership Disputes, Business Tips, Business Transactions, Departing Partner, Dispute Resolution, Dissolve a Partnership, Lawyer Succession, Litigation & Lawsuits, Partnership Dispute, Partnerships by Kristy DonahueLeave a Comment

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 …

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Important Legal Considerations When Selling On-line.

In Business Tips, Business Transactions, Contracts, Copyright, COVID-19, Intellectual Property, Litigation & Lawsuits, Marketing Tips by Kristy DonahueLeave a Comment

Thinking about selling goods or services online?  You should.  If COVID-19 taught small businesses anything, it is the importance of an online presence in order to stay in business!  Learn about the important considerations that come with selling online.  From contract considerations when hiring someone to build a website, using and posting photos, cyber insurance, dealing with negative reviews to …

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Why You Need To Consider An Expungement Even If You Were Not Convicted Of A Crime.

In Business Tips, Expungement of a Criminal Record, Fraud & Embezzelment, Litigation & Lawsuits, White Collar Criminal Defense by Alicia McConnellLeave a Comment

In 2019, New Mexico passed the “Criminal Record Expungement Act”. This new law went went effect on January 1, 2020, and it allows many individuals to have their arrest or conviction records expunged. With respect to criminal convictions, in most cases, the law allows a person in who has been convicted of a violation of an ordinance, misdemeanor, or felony …

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What You Need To Know About Business in 2021

In Break-ups & Partnership Disputes, Business Tips, Business Transactions, Dispute Resolution, Fraud & Embezzelment, Legal Compliance, Litigation & Lawsuits, Partnerships by Larry DonahueLeave a Comment

Attorney Stephanie Schaeffer advises against “lazy” financial practices among managing members of multiple companies. Since joining BLSW earlier this year, I have worked several matters regarding business member disputes. Some of these disputes could have easily been resolved if the parties had documented their financial action or if they had documented the “deal” they had regarding purchasing membership interest. Still …