Starting a business is exciting, demanding, and often fast-moving. In the first year, founders are usually focused on sales, funding, product development, hiring, and keeping operations running. Legal issues can feel secondary until a problem appears. The challenge is that many early legal mistakes are much easier and less expensive to prevent than to fix later. A missing agreement, the …
Why NM Small Businesses Fail (And How to Avoid It)
Discover the top small business challenges in New Mexico and learn how proper planning and a business attorney can help you avoid business failure. Starting a company in the Land of Enchantment is an exciting venture. New Mexico offers a rich culture, a loyal local customer base, and plenty of room for innovation. Yet, building a profitable enterprise requires more …
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 …
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 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 …
Moving Out of New Mexico; Should you sell your business, or move it with you?
If you choose to sell your business There are certainly options available to you. For example, there are business brokers who specialize in finding buyers for viable businesses. They typically take a percentage of the sale price as a fee or commission and help negotiate the terms of the sale between the buyer and seller. Typically, brokers who want to …
Can You Simply Transfer Your Ownership in A Business to Someone Else?
You have ownership in a business, but you don’t want to be involved in the business anymore. Or, maybe you want to assign the distributions you receive from an LLC to payoff a debt. Can’t you simply just transfer your ownership to someone else without having to go through a lengthy, legal process? Time to check your Operating Agreement As …
