Author: jhenzerling

Short Answer: There are very few rules for using a DBA name in New Mexico. Just make sure to put the legal name of the business when it’s necessary or appropriate.

Short Answer: On the Effective Date which is often when the last party signs the contract unless otherwise stated.

Many professionals are content to do business as sole proprietors and it’s a fine option for small, low-risk businesses. In a sole proprietorship, there is no legal difference between the business and the business

Short Answer: For S corps or LLCs taxed as S corps, you must pay yourself a reasonable salary before taking any other money out. For LLCs, you can take money out at your discretion.

Short Answer: Technically no, practically yes.