Business Formation

Millennials are often unfairly blamed for “ruining” certain industries, among them sit-down restaurants, diamonds, fine jewelry and more. Regardless of whether this is true, millennials are also being credited with innovation in business, as more of them are starting their own businesses or pursuing freelance opportunities than ever before. Thousands of the millennial generation (those…

One of the ironic aspects of this period since the financial crisis of 2008 is that, despite the difficulties people who lose their jobs have had in finding new employment with established companies, there have been record numbers of startups all over the country and New Mexico itself has not been excluded. When starting a…

One of the most important steps in starting a new company is determining the type of business entity to form: an individual proprietorship, a partnership or a type of corporation.  In New Mexico, you can form one of three types of partnerships: General partnership Limited partnership Limited liability partnership As for corporations, you can form…

Just over three years ago, entities known as Master Limited Partnerships (MLPs) were devised primarily as corporate entities which own and operate certain energy enterprises. Able to be traded on public exchanges, the partnerships provide those who own interests in them to have a high degree of liquidity but avoid the tax consequences of paying…

Tesla Motors, Inc.  and the Rio Real Estate Investment Opportunities, LLC (“Rio”) entered into what was entitled the “Development Agreement” on February 19, 2007.   Under the terms of the agreement, Rio planned to build a 150,000 square foot facility for the electric car manufacturer in Bernalillo County, New Mexico where Tesla owns property.   The…

When an individual or group aspires to start a new business, one of the major decisions that must be made is what kind of business entity should be formed to operate the business. This means figuring out whether to form a corporation or partnership or operate the prospective business as a sole proprietorship, and, if…

One of the most important steps in starting a new company is determining the type of business entity to form: an individual proprietorship, a partnership or a type of corporation.  In New Mexico, you can form one of three types of partnerships: General partnership Limited partnership Limited liability partnership As for corporations, you can form…