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Hidalgo County Herald
Lordsburg, New Mexico
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December 3, 2010     Hidalgo County Herald
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December 3, 2010
 

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HIDALGO COUNTY HERALD FRIDAY, DECEMBER 3,2010 3 UPCOMING EVENTS SBDC LLCformat appels to many new businesses ByCANDICE LEE OFSOMMER, ing sub-entities. Udall, Hardwick & Hyatt, P.A. , Unlike other types of com- Many businesses new to the panics, a limited liability com- game choose to organize as a lim- pany can choose how it would ited liability company, or LLC -- like to be taxed: as a partnership, a hybrid of a partnership and cor- S corporation or C corporation. potation that attempts to reap the Most LLCs choose to be partner- benefits of both. The owners in ships (if there is more than one an LLC are called members, and member) or S corporations so the each member holds a membership LLC's profits and losses can flow interest -- similar to stock or through to the members. Few shares -- in the company. These LLCs choose to be taxed as a C membership interests are some- corporation because C corpora- times broken down into units, tions are subject to double taxa- As with a corporation, an tion -- shareholders are taxed on LLC can have classes of member- dividends, and the corporation's ship interests, each with varying profits also are taxed before divi- rights and preferences. Most im- dends are distributed. portant to members of an LLC: Most states do not require They usually are not personally LLCs to submit ongoing regula- liable for the LLC's obligations tory filings beyond the initial ar- Choice and flexibility ticles of organization or certifi- An LLC can operate in any care of organization. This money- commercial area and is often used saving feature of an LLC can as a holding company for differ- make it an attractive entity for a Continued from Page I Veterans Wreaths Donations sought The Lordsburg VFW is now Sarah Goodman, of taking orders for veteran wreaths Lordsburg, will be visiting South as part of their annual Wreaths Africa, Milowi, Tanzania and Across America campaign. The Uganda next month and plans to live wreaths are $t5 each and can take much-needed items to the be pre-ordered by calling VFW needy people there, including commander Ray Martinez at 575- clothing, toys, shoes, etc. She is 542-9503 or from any VFW mere- currently taking donations of ber. Deadline to order is Novem- items. For more information, ber 29. Please make checks pay- Goodman can be reached at 575- able to Wreaths Across America. 654-4016. Cancer support group Diabetes support group There will be no Diabetes Support Group for November and December, since ,everyone will be busy for the holidays. Happy Holidays to our Support Group and their families and see you next year! Step Aerobics. The Active and Alive Step Aerobics class is held at 6 PM at Central Elementary School on Tuesdays and Thursdays. For more information call 575-537- 0248 ext. 227. Hidalgo . County Health Consortium is offering a free on- line support group for those deal- ing with cancer or other medical needs. This support group offers support to survivors and caregivers or family and friends. The group leader is PLTC (people living through cancer) trained and is a survivor as well. Please email the following to chat or for more info: hidalgosurvivors group @yahoo.corn Medicare Part D, Health Care Reform Rosa Torres, Southern Re- Suicide prevention giOnal Coordinator, with Aging Suicide Prevention meetings & Long-Term Services will be in are held the first Monday of each Lordsburg on Monday, Novem- month at the Hidalgo Complex bet 29, 2010, in the HMS Con- inLordsburg at 7:00 p.m. The ferenceRoom, 530E. DeMossSt., public is invited and encouraged from 10:00 a.m.-2:00 p.m. for to attend. Medicare D enrollment. Please bring your Medicare cards, Medi- Light Parade care D cards, & all you medica- The 2010 Lordsburg Christ- tions with you. A Sign-in Sheet mas Light Parade will be held on will be available to all arrivals to December 3, 2010 at dusk. For best serve everyone. For more in- more information call the formation, please call Gloria Lordsburg-HidalgoCounty Vargas @the HMS Family Sup- Chamber of Commerce at 575- port Office @542-3047 or 542- 542-9864 or John Hill at 575- 8384 ext: 408. Please join us. 542-3421. new business. But if a business owner needs to raise venture capi- tal, she probably will need to con- vert the LLC into a corporation at some point. Most investors pre- fer dealing with a corporation because a corporation has a more formal structure with more over- sight. Managing an LLC An LLC can be managed by a manager or by the members, who are then referred to as "man- aging members" or "member- managers." A manager doesn't have to be a member of the LLC. As with partnerships, all members of an LLC should sign on to a comprehensive operating agreement -- analogous to a part- nership agreement -- that out- lines the members' management responsibilities, contribution amounts, allocation of expenses, distributions, management au- thority and limitations, dissocia- tion, buyout rights, dispute reso- lution, admission of new members and dissolution procedures. Re- lying on oral agreements among members or with outside parties is one of the most common mis- takes of unseasoned business owners and can result in confu- sion, misunderstandings and liti- gation. Regardless of what form a business chooses to take, all of its owners should protect their individual and mutual interests by maintaining comprehensive, organized, written records and documentation. They should also consult attorneys and accoun- tants for advice on the risks and rewards of different LLC formats. 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 ~t 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. Are you interested in finding out what the southwest areas is planning for New Mexico's Cen- tennial? Join the SW Centennial Committee and share your ideas. The next. meeting is January 20, 10:00 a.m. in the Besse-Forward Global Resource Center. Call the SBDC office for more informa- tion, and check out the web site: http://nmcentennial.org/ index.html. The Western New Mexico University campus is closed, along with the SBDC office, for the Thanksgiving holiday and for the rest of the week of November 22-26. Central Students of the Week Courtesy photo Central Elementary School Students of the Week for the week of November 8-12, 2010 were Maya Olivas, Rhianna Moreno, Harrison Higginbotham and Alejandro Bennefield. Agricultural can benefit from ion Submitted by USDA, NRCS/ Lordsburg Eligible New Mexico farm- ers and ranchers can benefit greatly from the Conservation Stewardship Program (CSP), The Natural Resources Conservation Service (NRCS) in New Mexico Senior Citizens Lunch Menu Monday,. December 6 Baked Chicken Pasta w/Parmesan Cheese Broccoli Tossed Salad/Dressing Crackers Oranges Tuesday, December 7 Roast Beef Mashed Potatoes & Gravy Midori Blend Veggies WW Roll Banana Wednesday, December 8 Tater Tot Casserole California Vegetables Cottage Cheese WW Bread/Margarine Pears Sugar Cookie Thursday, December 9 Chicken Adovada Pinto Beans Spinach Salad/Dressing Flour Tortilla Rice Pudding Friday, December 10 Sloppy Joe Parsley Potatoes Mixed Vegetables Pickle & Onion Slices Cottage Cheese Pineapple Salad ip administers the CSP and reminds agricultural producers of the up- coming Jan. 7, 2011 application deadline. CSP in New Mexico is avail- able on Tribal, private agricul- tural lands, and non-industrial private forest land. The program provides equitable access to all producers, regardless of operation size, crops produced, or geo- graphic location. The entire private land op- eration must be enrolled and must be under the applicant's control for the term of the proposed con- tract. The program provides many conservation benefits including improvement of water and soil quality, wildlife habitat enhance- ment and adoption of conserva- tion activities that address the effects of climate change. All producers are encouraged to apply for CSP. The program, authorized in the 2008 Farm Bill, ram offers payments to producers who maintain a high level of conser- vation on their land and who agree to adopt higher levels of stewardship. Eligible lands in- clude cropland, pastureland, rangeland and non-industrial for- est land. A CSP self-screening check- list is available to help producers determine if CSP is suitable for their operation. The checklist highlights basic information about CSP eligibility require- ments, contract obligations and potential payments. It is avail- able from local NRCS offices or online at: www.nrcs.usda.gov/programs/ new csp/csp.html. For more information about the Conservation Stewardship Program (CSP) and to find the application visit the NRCS website at: www.nm.nrcs.usda, gov/pro- grams/csp-2OO8.html. FUNERAL 408 Main Street Lordsburg, NM 88045 (575) 542-9444 Harry Bright/Owner