Starting a business can be an exciting yet daunting experience. While focusing on the business strategies, legalities, and overall growth of the company, the importance of protecting the business from unforeseen circumstances can often be forgotten. This is where insurance comes in, specifically Buy Sell Insurance and Key Man Insurance. In this blog post, we will explore the difference between …
Understanding Forgery and Its Harmful Impact on Businesses
Forgery can have a devastating impact on businesses of all sizes, as it can result in financial loss, legal complications, and damage to reputation. If your business has fallen victim to forgery, it’s crucial to consult a lawyer right away to protect your interests. In this blog post, we will take a closer look at what forgery is, why it’s …
Corporate Transparency Act: What is a Reporting Company Applicant?
In January of 2024 FinCEN will require businesses to report beneficial ownership, as outlined in the Corporate Transparency Act. The legislation includes the term ” Reporting Company Applicant.” But what is that exactly, and how does it fit into this new law? This article will explore what a Reporting Company Applicant is, and how it relates to the Corporate Transparency …
Corporate Transparency Act: Possible Exemptions
The recent coming of the Corporate Transparency Act has brought a new issue to the forefront of the business and legal world. The act requires certain businesses to report the beneficial ownership of their companies to the Financial Crimes Enforcement Network (FinCEN). However, there are a few exemptions to reporting, and this blog post delves into what some those exemptions …
Successor Liability and How to Prevent It
In business, it’s important to keep in mind that liabilities don’t disappear when ownership changes hands. Debts owed, outstanding lawsuits and liens may transfer over to the new owners of the business. This legal concept is called successor liability. For business owners, it’s crucial to be aware of how this can impact their bottom line and what they can do …
The Corporate Transparency Act and New Mexico Citizens
Recent changes in federal legislation will result in a new status quo for New Mexico business owners. The Corporate Transparency Act goes into effect nationally on January 1st, 2024. This act will require businesses to report their beneficial owners. This post will explore when a report is necessary, what to include and and who to report to. Who is Considered …
Professional Licensing & Licensure: How an Attorney Can Help
Being a licensed professional not only demonstrates an individual’s expertise in their field but also helps to assure clients that they are working with a competent and qualified professional. The process of obtaining a professional license, however, can be arduous and confusing. For some individuals, it may require various examinations, education requirements, and years of supervised experience. This is where …
Probate Litigation: Understanding Its Implications and Finding Legal Assistance
Probate is an essential process where the court proves the validity of a will and authorizes the distribution of a deceased person’s assets to their close family members and other beneficiaries. The process gives a legal confirmation of the executor’s authority and the ownership of the assets before they can be passed to the beneficiaries. In most cases, the probate …
Understanding At-Will Employment in New Mexico
As a business owner or employee in New Mexico, it’s important to understand what at-will employment means and what rights and obligations come with it. At-will employment is a common type of employment relationship where an employer can terminate an employee at any time, for any reason, and without notice. However, there are some legal limitations on at-will employment in …
Employee Theft: How it Impacts a Business
Employee theft is a serious issue for businesses of all sizes, as it can have devastating financial consequences on the organization. This includes anything from stealing office supplies to embezzling tens of thousands of dollars from the company’s funds. When it comes to employee theft, business owners need to have a plan in place to prevent it from happening, and …
