Starting a Business
Business law allows for more creativity and flexibility than you’d think. Get started on the right foot so you can develop your unique vision.
LLC or Corporation
Form a business in New Mexico and get a strong start with legal compliance. Our attorney will file your business formation papers with the state, obtain a federal tax ID (EIN) for you, draft your bylaws or operating agreement, and set you up for success. Did you know that small business owners are at higher risk of being found personally liable for the debts of their business? This is because they often do not follow proper procedures to maintain the liability protection of their LLC or corporation. Our attorney will make sure you know what to do so that a court does not pierce the corporate veil of your business and dip into your personal pocket if something goes wrong.
Cooperatives
Co-ops can be for-profit, nonprofit, or not-for-profit (which means a non-charity business where the owners don’t pocket the profits). We’ll help you find the right legal path for your cooperative vision so you can build a business that makes the world a better a place. We’ll set you up with the right operating agreement or bylaws to ensure your business stays on task and on mission as it grows.
Employee Ownership Trusts (EOTs)
Another form of employee ownership, EOTs are growing in popularity in the U.S. This type of employee ownership is less direct. Whereas in cooperatives, employees own the business directly, in an EOT structure, a special type of trust is the legal owner of the business. This is not the same as an employee stock ownership plan. We’ll help you decide if an EOT is right for your business and if so, we’ll get you set up right.
Nonprofit 501(c)(3)
The process to start a nonprofit involves forming a nonprofit corporation in New Mexico and requesting tax-exempt status from the IRS. Depending on the facts of your proposed nonprofit, requesting tax-exempt status will require filing Form 1023 (40 pages) or Form 1023-EZ (3 pages). Our attorney will file your Articles of Incorporation with the state, obtain a federal tax ID (EIN) for you, draft your bylaws, and file the correct form requesting tax-exempt status from the IRS.
Law office of Nadia Cabrera-Mazzeo, Esq.
Small business and contracts lawyer
Based in Taos, serving clients throughout New Mexico
505 427 2025
nadia@honestcontracts.com
The information on this website is not legal advice and does not create an attorney-client relationship. The rates and fees listed on this website may not be the most up to date.