June 4, 2020 / by Larry Donahue / Business Support / 0 comments
Some states call it an Annual Report. Other states refer to it as an Annual Registration or Statement of Information. At the end of the day, they are all essentially the same thing. An Annual Report, or whatever your state wants to call it, is information that business entities (Limited Liability Companies, Corporations, Non-Profits, and Partnerships) […]
Read more
New Business Alert: Recreational Cannabis Sales to Begin in 2022 for New Mexico
June 21, 2021 / by Ben Allbright / Business Support / 0 comments
In recent years, many states across the country have liberalized their cannabis laws. It is important to note that while individual states have changed their laws, cannabis remains federally illegal. On April 12, 2021, New Mexico joined the movement when Governor Michelle Lujan Grisham the Cannabis Regulation Act. This act did not immediately legalize recreational […]
Read more
How Sub Chapter V Bankruptcy Is Helping Small Business Owners Recover
May 13, 2021 / by Kristy Donahue / Business Support / 0 comments
The Small Business Recovery Act of 2020 has a very important component to it, Subchapter V. Though the new law went into effect pre-Covid it has turned out to be an important piece to small business COVID recovery. The new law offers small businesses essentially the same protections of Chapter 11, but on a small […]
Read more
Learn The Top 10 Things Not To Do As A Business Owner.
February 18, 2021 / by Kristy Donahue / Business Support / 0 comments
25 +years and thousands of clients later, Attorney Larry Donahue has been able to identify the all-too-common mistakes small business owners everywhere, in every type of business make over and over again. The good news is, once you know about these mistakes, it is easy to avoid them. Even better, these lessons will help ensure […]
Read more
Considering Bankruptcy For Your Business?
September 14, 2020 / by Larry Donahue / Business Support / 0 comments
Get your questions answered from a Bankruptcy Attorney. Nothing can be more frightening or intimidating than realizing bankruptcy might be a real necessity for your business. While the notion of bankruptcy may be that of financial failure, in many instances it can be a valuable tool to getting businesses back on track. We asked Stephanie […]
Read more
How to Handle a Reference Call On The Employee You Fired.
June 9, 2020 / by Larry Donahue / Business Support / 0 comments
Consider the notion that no good deed or lapse in professionalism usually goes unpunished. Is there anything more dreaded for a business owner or manager than to have to put up with and eventually terminate a bad employee? Maybe. How about the uncomfortable reference check or inquiry regarding your old problematic employee? The situation gets […]
Read more
What Is an Annual Report and Why Is It Important?
June 4, 2020 / by Larry Donahue / Business Support / 0 comments
Some states call it an Annual Report. Other states refer to it as an Annual Registration or Statement of Information. At the end of the day, they are all essentially the same thing. An Annual Report, or whatever your state wants to call it, is information that business entities (Limited Liability Companies, Corporations, Non-Profits, and Partnerships) […]
Read more
The “B” Word: How to use Bankruptcy to your advantage
May 15, 2020 / by Ian Alden / Business Support / 0 comments
Last Updated: No update. New article. As the COVID-19 pandemic continues on, more and more people are looking at a solution once thought unthinkable: bankruptcy. While bankruptcy has had a certain stigma attached to it for years, that stigma has lessened considerably in recent years as more people come to understand bankruptcy as a tool […]
Read more
The Requirements Needed to Not Pay Back PPP Funds
April 16, 2020 / by Larry Donahue / Business Support / 29 comments
*** Revised 5/1/2020: Provided an exact definition, based on the SBA’s definition, for “Full-Time Equivalent Employees”. The Paycheck Protection Program (or PPP) is an SBA loan that helps businesses maintain their workforce during the COVID-19 crisis. It is a low-interest loan, with a term of up to 10 years, no personal guarantee or collateral required, […]
Read more
How to Get Disaster Relief Small Business Loans From The SBA
March 31, 2020 / by Larry Donahue / Business Support / 0 comments
There are 2 PROGRAMS that make up the CARES Act. Make sure you know the difference. The two programs that make up the CARES Act are The Paycheck Protection Program and The COVID-19 Economic Injury Disaster Loan. They are two different loan programs and you apply for each one differently…. and yes, your businesses can […]
Read more
Expungement of a Criminal Record
December 2, 2019 / by Larry Donahue / Business Support / 4 comments
Criminal Record Expungement is Effective January 1, 2020 A comprehensive new expungement law in New Mexico authorizes courts to limit public access to non-conviction records one year after disposition if no other charges are pending, and to most convictions for felonies, misdemeanors and municipal ordinances after varying waiting periods. The ACLU of New Mexico describes […]
Read more