Albuquerque Business Formation Attorneys Help Companies During the Launch Process

Reputable New Mexico lawyers help set you up for success 

Today’s hyper-competitive economy leaves little margin for error, especially unforced errors that result from poor planning and bad advice. At Hurley, Toevs, Styles, Hamblin & Panter, P.A. in Albuquerque, our business attorneys help entrepreneurs get started on a solid foundation by providing knowledgeable advice based on decades of practical experience. When you retain our services for business formation, you get a team of reputable professionals who are determined to set you up for success. Regardless of your industry or the size of your business, we provide trustworthy counsel and representation to help you lay the cornerstone for a thriving enterprise. 

Trustworthy guidance for choosing the proper business entity

Businesses in New Mexico can choose among several different legal entities, depending on the priorities of the owners. We advise clients on the pros and cons of each option based on  compliance requirements, ease of operation, liability protection, means of capitalization and tax status. We have extensive knowledge of various business entities, including:

  • Sole proprietorships
  • Joint ventures
  • Partnerships
  • Limited liability partnerships (LLPs)
  • S corporations
  • C corporations
  • Limited liability companies (LLCs)
  • Nonprofit corporations

Choosing the wrong entity can place your company at a competitive disadvantage. hinder your business development and even put your personal assets at risk. By making the correct decisions in the planning stages, you preserve resources to better pursue your business goals.

Operating agreements for various business entities in New Mexico

From the outset of any enterprise, it’s imperative that stakeholders understand their rights and responsibilities. Our business attorneys draft company documents that clearly and accurately reflect each principal’s role in the company. 

We also draft essential company documents, such as:

  • Standard operating procedures 
  • Bylaws
  • Employee handbooks
  • Employment contracts
  • Nondisclosure agreements
  • Business plans

The goal of these documents is to define each party’s rights and establish resolution procedures in the event of a future dispute. Making the effort to do so during the launch processcan minimize disruptions to business operations caused by internal conflicts later on.

Protecting your company’s intellectual property

Most business enterprises begin with an idea. When that idea is sufficiently distinctive, and confers a competitive advantage, the idea becomes a business asset, often referred to as Intellectual property. For many companies, survival is based on protecting their IP. There are several ways of doing this, such as: 

  • Nondisclosure agreements relating to proprietary information
  • Trademarks or service marks
  • Patents
  • Copyrights

The processes vary for obtaining enforceable protection for each type of IP. In most cases, it’s advisable to secure IP rights before using those assets in commerce. Our business lawyers can advise you on the necessary steps to formalize your rights. We guide you through registration processes on the state and federal level. Our firm also advises companies on protocols for dealing with potential infringements of their intellectual property rights. 

Contact a New Mexico business formation attorney for a consultation

Hurley, Toevs, Styles, Hamblin & Panter, P.A. in Albuquerque helps clients throughout New Mexico form new businesses. To schedule a consultation with a knowledgeable business attorney, please call 505-888-1188 or contact us online.