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More and more people are looking to the cooperative business model as we suffer through the consequences of the anticompetitive, profit-maximizing shareholder-first approach taken by most
companies since the 1980s.

Conflicts of interest arise when a real estate broker’s interests (or the interests of someone closely related to the broker) don’t line up with the interests of the buyer or seller who hires the broker.

Step 1: Form a Nonprofit Corporation
Step 2: Adopt Bylaws
Step 3: Get an EIN
Step 4: Apply for Tax-Exempt Status

I’ve had existing clients and prospective clients here in New Mexico ask me if they should register their business in Delaware because everyone knows Delaware is all the rage for business organization.

When people talk about co-ops, short for cooperatives, they’re usually talking about
democratically governed businesses. But in New Mexico, a cooperative is a specific type of legal
structure and it may or may not be the best fit for businesses looking to share the wealth.

Employers have been using noncompete agreements to safeguard their secret sauce since the dawn of capitalism. Today, about 1 in 5 workers, or about 30 million employees, are subject to a noncompete agreement.

If it wasn’t news enough that real estate brokers in NM are generally not agents with a fiduciary duty toward their clients, it may be even more shocking for buyers to hear that as of 2024, they are on the hook for their broker’s commission

One of the first things I explained to her after reviewing all the documents, was that her “agent” was not her agent, he was a transaction broker.

Almost every contract has a line in it that says something like “this contract may only be amended in writing signed by both parties.” But we rarely hear about the procedure for amending the contract.

Short Answer: Any business can benefit from having an EIN, which is like a social security number for businesses.

State business filings and records can be accessed through the NM Secretary of State’s online business portal.

Short Answer: You can issue stock by writing a resolution, having the board of directors vote on it, and keeping good records of the process of transferring stock.