In the dynamic world of entrepreneurship, an operating agreement serves as the constitutional backbone of a Limited Liability Company (LLC). It’s an essential document that details the ownership structure, operating procedures, and outlines how critical decisions are made within your business. But what many small business owners may overlook is the significance of keeping this foundational document up to date. …
How to Register a Business in New Mexico: A Step-by-Step Guide for Entrepreneurs
Opening a business can be an exciting venture, but it’s filled with legalities that can turn daunting if you’re not prepared. In New Mexico, as in other states, registering your business is a crucial step towards legality and legitimacy. This guide targets small business owners, budding entrepreneurs, and anyone who’s considering the professional assistance of a lawyer during their business …
Understanding Corporate Bylaws and Their Significance for Your Business
For the budding entrepreneur or the seasoned small business owner, the navigational charts of the business world can often seem filled with legal jargon and documentation. Among such essential documents are the often-overlooked yet critical corporate bylaws, the internal map that guides a company’s operations and governance. This post shines a light on what corporate bylaws are and why they’re …
BLSW Explains the Corporate Transparency Act at The NMDOT Conference
On February 28, 2024 NMDOT Star held their 2024 Conference. Attorney Larry Donahue hosted the “Wednesday Webinar” discussing The Corporate Transparency Act and You. Starting on January 1, 2024 a new law went into effect that requires a significant amount of the US Companies to report Beneficial Ownership Information to the US Government via FinCen. Failure to report their businesses …
NM State Bar & BLSW Partner to Help Small Businesses With BOI Reporting
Attorney Larry Donahue explains why the process in correct reporting is not as easy as some might think. Earlier this month, Larry Donahue presented a seminar at the request of the New Mexico State Bar Foundation in order to help educate small businesses on the new Beneficial Ownership Reporting that, as of January 1, 2024, is the law of the …
Navigating Commercial Leases: Top 5 Considerations for Entrepreneurs and Business Owners
When venturing into the world of commercial real estate, signing a lease can be one of the most significant commitments an entrepreneur makes. Unlike residential leases, commercial agreements come with their own set of complexities and negotiation nuances that, if not carefully addressed, could lead to unforeseen challenges down the line. As a business owner, it’s imperative to approach this …
Navigating the Skies: A Layperson’s Guide to Aviation Law
The world of aviation is a meticulously controlled zone. For every graceful takeoff and smooth landing, there are thousands of regulations in place governing everything from aircraft manufacturing to pilot’s training. This intricate web of rules and guidelines is known as aviation law, and understanding it is crucial for aviation industry professionals, government officials, and even the common traveler who …
Attorney Christina Cavaleri Talks About The Ever Changing Financial and Legal Landscape
If you are in the Albuquerque area on February 13th, 2024- you will not want to miss this valuable Seminar! How have changes in the Financial and Legal Landscape impacted your retirement plans? What financial and legal strategies you can you use to protect your nest egg?Come join us at the Holiday Park Community Center in Albuquerque, NM, USA on Tue …
Strategies for Dealing with Employees Who Abuse Paid Time Off
Paid time off (PTO) is an essential benefit that employees greatly appreciate. As a business owner or manager, offering PTO is vital for keeping employees happy and motivated. However, some employees tend to take advantage of paid leave days, which can lead to negative consequences for both the company and coworkers who have to pick up the slack. In this …
Find Out If Your Business Needs to Report to FinCen in 2024.
BLSW has the technology to give you a definite answer, for free, in minutes. The Corporate Transparency Act, or CTA, went into effect on January 1st, 2024. It requires “beneficial owners” of “new” (formed on 1/1/2024 or after) “small businesses” (less than 500 employees and US-revenue under $5M) to report the personal information to the Financial Crimes Enforcement Division of …
