If you are a business owner interested in purchasing or selling a company, it is essential to understand the different types of transactions available. Two of the most commonly used types are asset purchase and share or membership purchase. While they may seem similar, there are significant differences in how they work and the outcomes they produce. This post will …
Business Law Southwest Named a 2024 Platinum Family Friendly Business
Business Law Southwest was named a 2024 Platinum Level Family Friendly Business by NMfamilyfriendlybusiness.org Here’s what you should know about NMfamilyfriendly.org. Mission: Family Friendly New Mexico’s mission is to recognize and support employers that adopt and implement family friendly policies so that businesses, employees and their families can thrive. Vision: Family Friendly New Mexico envisions that all New Mexican workers are able …
How Does Seller Financing Work When Buying or Selling a Company?
Buying or selling a company can be a complicated process, and the financing options available can make all the difference. One financing option that’s gaining popularity, especially for small to medium-sized businesses, is seller financing. This arrangement involves the seller financing part or all of the sale price of the business, rather than relying solely on a third-party lender. In …
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 …
How a Lawyer Can Protect Your Business’s Trade Secrets
Your business’s trade secrets are key components of your company’s success and profitability. Trade Secrets are unique assets that hold intrinsic value and competitive advantage. Therefore, it’s necessary to safeguard them at all costs to avoid potential breaches by competitors, employees or hackers. Hiring a lawyer is one of the best ways to protect your business’s trade secrets and confidential …
Buy Sell Insurance vs. Key Man Insurance: Understanding the Difference and Importance for Your Business
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 …
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 …
BLSW Attorney Johnn Osborn Makes a Compelling Cannabis Argument
Johnn Osborn has recently received some media attention, both locally and nationally, for his part in changing the zoning laws that previously dictated the distance in which cannabis businesses had to maintain from each other. By successfully arguing that a cannabis business going into vacant establishment improves the Albuquerque community, more cannabis retailers now have the green light to set …
The Importance of Vendor Contracts and the Role of Lawyers in Ensuring Compliance
Vendor contracts are essential legal agreements that businesses use to establish relationships with suppliers, service providers, and other external vendors. These contracts set out the terms and conditions of the relationship between the parties involved, including the scope of services, payment, deadlines, confidentiality, and legal obligations. They can also include provisions for dispute resolution, intellectual property, and warranties. As such, …
Understanding Insider Trading: Everything You Need to Know
You may have heard the term “insider trading” in the news or within business circles, but do you truly understand what it means? Insider trading is a serious offense that can lead to hefty fines, legal consequences, and damage to an individual or company’s reputation. As a business owner or someone who is involved in the stock market, it is …
