New Mexico Business Lawyers
Commercial law controls all aspects of business, including marketing, transactions, collections, and business organization. Particular ordinances and legal principles unique to New Mexico govern the application of law to businesses. In New Mexico, Commercial law is complex, and it includes principles that are extremely different from those that apply to individuals.
The Law of Transactions in New Mexico
In daily operating activities, a normal business buys and sells often. Some of these transactions are bound to pose problems. Contracts in New Mexico often require legal action to enforce, whether the contracts are formed with consumers or other businesses. It is ideal to plan beforehand through contracts and purchase agreements. But for these documents to be of legal effect, they must be drafted according to New Mexico law. Federal and New Mexico law also include provisions that apply to investing activities and securities exchanges conducted by corporations. These laws become important once business starts investing in the capital markets.
Business Organization and the Law
Particular laws in New Mexico determine the options available to business owners in structuring and organizing their companies. The corporation has many benefits as a business form, and New Mexico law governs how a business may incorporate. Forming a business without considering the available options carefully may expose the company to unnecessary tax liability. The appropriate business structure for your company can be challenging to determine. An attorney specialized in New Mexico business law can help you find the right business form for your unique situation.
Interesting Facts About New Mexico
New Mexico is situated in the Southwestern region of the U.S. It is often considered the prime example of Southwestern life and culture in America. Before becoming part of the U.S., the New Mexico region was once part of the Imperial Viceroyalty of Spain. This is reflected in the red and gold colors of the state flag, which reference the region's Spanish origins.
New Mexico's state Constitution was approved in 1912 and authorizes the form of government in the state. The New Mexico court system is organized into different levels beginning with the Municipal Courts and ending with the Supreme Court of New Mexico. New Mexico has also instituted a one-of-a-kind "Problem-Solving Court" system, which is authorized to provide special interventions for drug offenders.
The state of New Mexico has also launched a Court Improvement Project (CIP). The CIP is aimed at improving the quality and efficiency of judiciary proceedings in New Mexico. One of the state's most famous court cases is Liebeck v. McDonald's (1994), popularly known as "The McDonald's hot coffee case". The case spawned a whole host of liability claims for fast-food chains, and was featured in a television documentary film.
Lawyers in New Mexico handle many types of cases ranging from simple legal claims to complex claims like the Liebeck case. New Mexico lawyers are skilled at providing legal advice and zealously represent clients during lawsuits. Working with a New Mexico lawyer can help make the legal process run much smoother.