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Hidalgo County Herald
Lordsburg, New Mexico
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August 11, 2010     Hidalgo County Herald
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I r HIDALGO COUNTY HERALD FRIDAY, AUGUST 13, 2010 3 SBDC Report Buying a business? Due diligence should be deep By WAYNE UNZEIDirector of Business Brokerage at Maestas & Ward Commercial Real EState Anyone thinking about buy- ing or investing in a business needs to do due diligence to make sure it's a viable venture with long-range income potential. But due diligence means more than just reviewing the balance sheets and income statements. Some other things that war- rant close inspection before a buyer signs the final closing documents include: Client list: A buyer should find out if most of the company's business is, done with a few enti- ties or if the business has a diver- sified, extensive customer base. If clients are limited, the' buyer should meet with some of them to determine if they will remain loyal after the sale. Because of the seller's need for confidentiality, any such contacts should occur just before closing and .under the seller's scrutiny. UPCOMING EVENTS Continued from Page 1 Transfer Station hours The Hidalgo County Trans- fer Station will begin being open on Sundays from 1 to 4 p.m. on May 2, 2010 and will con- tinue to be open on Sundays through the last weekend in Au- gust. Cancer support group Hidalgo County Health Consortium is Offering a free on-line support group for those dealing with cancer or other medical needs. This support group offers support to survi- vors and caregivers or family and friends. The group leader is PLTC (people living through cancer) trained and is a survi- vor as well. Please email the following to chat or for more info: hidalgosurvivors group @yahoo.corn Step Aerobics Active & Alive step aero- bics are held on Tuesdays and Thursdays from 6:00 to 7:00 p.m. at the Learning' Center on 2nd Street for the summer. For more information call 542-8384 ext. 104. Diabetic Support Group Come join us and stay in- formed for either yourself, a loved one in your family, or a friend. For those not familiar with our Diabetes Support Group, we meet every last Wednesday of each month 10 ana:l lam in the HMS Conference Room @ 530 E. Demoss Street, here in Lordsburg. If you have any questions, please don't hesitate to call Gloria Vargas @ (575)542-3047. Suicide prevention Suicide Prevention meetings are held the first Monday of each month at the Hidalgo Complex in Lordsburg at 7:00 p.m. The public is invited and encouraged to attend. AA/NM Meetings Alcoholics Anonymous (AA) meetings are held on Monday at 3 p.m. at the Kokopelli Office and on Satur- day at 7 p.m. at the First Meth- odist Church. Narcotics Anony- mous (NA) meetings are held Mondays at 5 p.m., Wednesdays at 3 p.m. and Thursdays at 11 a.m. at Kokopelli and on Sat- urdays at 5:30 p.m. at the First Methodist Church. For more in- formation contact Kokopelli at 575-542-3304. Walking & Activity Walking & Activity Club meets every Monday and Wednesday from 1 to 2 p.m. at the Special Events Center. For more information call 542-8384 ext. 104. Event listings Have your upcoming event listed in the Hidalgo County Her- ald by calling 575.542.8705 or emailing it to hcherald @aznex.net. 408 Main Street Lordsburg, NM 88045 (575) 542-9444 Harry Bright/Owner Cremations and Monuments Grant, Luna Hidalgo Catron Counties Key employees: If the com- pany relies on key people to per- form its services and the buyer doesn't have those skills, the buyer should meet confidentially with employees who do and ask if they plan to stay. Most employ- ees will remain after a sale be- cause a change of ownership isn't as traumatic as a job change. Books and records: A buyer should obtain tax returns from the company for the past three years to verify income statements. He should also review accounts re, ceivable and payable, any prop- erty or equipment leases, perti- nent contracts, warranties and copies of the gross receipts tax statements for the past year. Equipment and inventory: The assets of an asset-intensive businesses warrant an inspection to determine if the inventory is marketable and the equipment is working. Industry outlook: A prospec- tive buyer should research the industry in which the business operates to determine if it's a healthy and growing area of com- merce. The buyer should also dis- cuss with the seller where the busi- ness ranks with respect to its mar- ket share mad what can be done to improve its position. Chattel and tax lien search: The closing attorney should per- form a chattel and tax lien search to uncover any possible encum- brances against the business's as- sets. Smart buyers ask for searches to be run on both the business and the owners. Suitable lease: If someone is buying a business with a seven- year promissory note, a three-year lease isn't attractive. The seller's leasehold interests can be trans- ferred to the buyer in a lease as- signment, a sublease or a new lease. Any purchase agreement should state that the purchase is contingent upon the buyer's ac- ceptance of a sui/able new lease, sublease or lease assignment. Professional assistance: A buyer should hire a good CPA to review financial records, and an experienced business attorney can advise on legal matters such as contracts, leases and other agreements. Spending a few thou- sand dollars on professionals be- fore making a major investment is a bargain for peace of mind: The Western New Mexico University Small Business Devel- opment Center (SBDC) offers as- sistance to entrepreneurs who are starting a business or Wanting to expand an existing business. These services are available at no cost. Call 538-6320 for an ap- pointment with a business advi- sor, or email sbdc@wnmu.edu. The SBDC office is located on the second floor of the Besse-For- ward Global Resource Center on 12th Street. More information may be found at www.nmsbdc.com/silvercity/ index.html. Teague on the campaign trail Above, Representative HaFy Teague speaks to those w~o attended ~i get together at 1he home of Hidalgo County Den mo- cratic Party Secretary Neo mi Parra. / " At rightTe~gue is pictured ta Ik- ing to Hid~algo County Den~o- cratic Party Chairman Robert Parra, Da~ id Ramos and Jo hn Salazar. ! Below, he takes time to vi~sit with Hidah IO Dolly and '3lay Patton on ous issue,c Photos ROBERT PARI DECLARATIONS OF CANDIDACY I, Lloyd V. Payne, hereby announce my candidacy for re-election to the office of Hidalgo County Probate Judge. Lloyd V. #ayne I, David A. Ramos, hereby announce my candidacy to the office of County Commissioner Position 1. Your vote and support in the November 2, 2010 General Election will be appreciated. Thank You and Muchas Gracias. David A. Ramos I, Jody Hatch, hereby announce my Republican candidacy to the office of Hidalgo County Assessor. Your votes of support are appreci- ated. Jody Hatch I, Saturnino "Nino" Madero, would like to announce my Demo- cratic Candidacy for Hidalgo County Sheriff. I have been the Under Sheriff for Hidalgo County for the past eight years. As a secondary career I am a Certified School Bus Safety Inspector for the State of New Mexico since 1996, performing School BUS Safety Inspections throughout the state. I have been a Firearms Instructor since 1994 and Hidalgo County HERALD New Mexico Press Association Member. Hidalgo County Herald (USPS Iiii 020697) is published weekly by Hidalgo County Herald in the City of kordsburg, County of Hidalgo, 212 E. Motel Drive, Suite B, Lordsburg, New Mexico 88045-1948, 52 issues a year. Subscription rates vary. Subscription rate is $30 per year. Requests for corrections and complaints Concerning news and editorial content of the Hidalgo County Herald'should be di- rected to the editor. For further information on the Hidalgo County Herald's approved grievance policies, readers may contact the pub- lisher. Any unsolicited manuscripts become the property of the Hidalgo County Herald and will not be returned. All information con- tained herein is copyrighted 2010 by the Hidalgo County Herald. All photos/stories, unless ~tated, are written by our staff. POSTMAS- TER: Send address changes to Hidalgo County Herald, 212 E. Mo- tel Drive, Suite B, Lordsburg, NM 88045-1948. Periodicals Postage Paid at Lordsburg, New Mexico. PUBLI~SHER/EDITOR: Brenda Hood ADVERTISING MANAGER: Glenda Greene PHONE: 575-542-8705 FAX: 575-542-8704 E-MAIL hcherald @aznexnet at present I also instruct Survival Spanish to cadets at We New Mexico University. Prior to that I have Worked for the Transportation Department, the Lordsburg Police Department started my career with the Hidalgo County Sheriff's Department aS a Detention Officer 22 years ago. I have been a big part in appropriat- ing grants and programs that have boosted equipment and vehicles that the Sheriff's Department has today. Your Vote on November i 2, 2010 will be greatly appreciated, i I Satumino "Nino" Maddro I, Mark'Thomas, hereby announce my candidacy to the office !of Magistrate Judge. Your support in the November 2, 2010 General Election will be appreciated. Mark Thomas I, Warren D. Waiter, Republican, announce~ my candidacy to the office of Hidalgo County Sheriff Your votes of support in the Novem- ber 2, 2010 General Election will be appreciated. Warren D. Walter I, Larry R Martinez, hereby declare my candidacy to the office of Hidalgo County Commissioner, Position 2. The future of Hidalgo County is based on: Our Children .Economic Growth Education Government transparency with spending Opportunity for jobs with work ethics Your support in the upcoming November 2nd 2010 General Election will be greatly appreciated Larry P. Martinez I, Darr Reynolds Shannon, a Republican hereby declare my can- didacy to the office of Hidalgo County Commissioner, Position 2. Your vote of support during the November 2, 2010 General Election will be very much appreciated Darr Reynolds Shannon I, Ed Kerr, ask for your vote for Hidalgo County Commissioner Position 1 in the November general election this fall. Ed Kerr I, Nyla Dawn Walter, Republican, declare my candidacy for Mag- istrate Judge of Hidalgo County. I respectfully request your vote in the General Election, November 2, 2010. I will honor your support with honesty and fairness. Nyla Dawn Walter I, Theodoro V. "Chopo" Castillo, hereby announce my candi- dacy to the office of Hidalgo County Assessor. Your support in the November General Electionwill be very much appreciated. ~a~mnu~ Theodoro V Castillo est Inventory in eck out these great m used of 2000 Ford Expedition 1995 Ford F-250 2008 Ford Edge 2008 Ford F-250 4x4 2007 Ford Expedition 2008 Ford F'350 Diesel Chrysler Town & Country Van 2008 Ford Taurus 2009 Ford Focus White 2001 Lincoln Continental 2003 Ford Crown Victoria tl 0 Ford Fus'ion, Very Low Miles 2007 Mercury Milan 2009 Ford Focus (Blue) OR 412 E. Motel Drive, Lordsburg, NM