Business Law
Meeting of the Minds
Do you know why companies end up in court? It’s often one large misunderstanding (or a series of little ones). I’ve seen some things in the last decade of practice. Usually, in the form of: “I thought I would get paid more.” “They promised me equity.” “I didn’t know they wanted bootstrap only and not…
Read MoreWhy You Shouldn’t Say Yes to Every Equity Investment Offer
In this economy, securing funding for your venture can be both difficult and exciting. It’s important to remember that not every offer is a green light to say “yes.” Let’s dive into why you should approach these opportunities with caution. 1. Alignment of Vision: Before accepting any equity investment, it’s vital to ensure that…
Read MoreDear Outdoor Business Owners
Dear outdoor business owners, Are you curious about the legal aspects of running your business? Legal considerations are often overlooked, but it’s important to keep them in mind to mitigate your risk. Here are some legal considerations you should keep in mind: Liability: As an outdoor business, you may face more risks compared to indoor…
Read MoreGetting the LOI Right When Buying or Selling a Business
Buying or selling a business is stressful enough. Getting the Letter of Intent (LOI) right is critical to ensuring a successful business sale or purchase. LOIs typically serve as non-binding terms sheets that outline how the deal will progress, set expectations, and minimize surprises. However, despite being non-binding, LOIs are an essential precursor to a…
Read MoreFive Legal Things to Think About When Buying a Business
Buying a business can be an exciting and rewarding experience, but it is also a complex process that requires careful consideration and attention to detail. From conducting due diligence to negotiating the terms of the deal, there are numerous legal aspects involved in the process of buying a business. In this post, we will explore…
Read MoreColorado’s Family and Medical Leave Insurance Program (FAMLI) Resources
Colorado’s Family and Medical Leave Insurance Program (FAMLI) is up and running. Employers must make sure they have notified their employees and have registered with the Department of Labor to be in compliance with this new paid leave program. What is FAMLI? Colorado voters approved Proposition 118, which laid the groundwork for the FAMLI program,…
Read MoreLLC Assignment of Mortgage
Thinking about transferring ownership of your property to your LLC? Please read this first! You’ve just closed on the perfect vacation investment property. It’s got the perfect location, right next to the beach or the ski slopes or in the heart of town. You got your loan approved right before mortgage interest rates went through…
Read MoreWhat All Employers Need to Know About Colorado’s Changing Non-Compete Laws
In May 2022, Colorado legislators passed a law (HB 22-1317) that largely bans employee non-compete clauses, except for certain situations. Governor Jared Polis signed the bill into law on June 8, 2022, giving it an effective date of August 10, 2022. Essentially, all restrictive covenants (a fancy legal way of saying: non-competes, non-solicitations, or similar…
Read More7 Reasons Why All New Businesses Need An Attorney
Starting a business invokes a spectrum of emotions, you are likely anxious and excited about the prospect of starting and growing a successful business. Perhaps the most unexciting part of starting your new business is dealing with the legal issues involved in setting up a business. Hiring an attorney will allow you to focus on…
Read MoreFive Legal Considerations When Buying a Business
You’ve found the business of your dreams to buy. Even so, it can be an intimidating endeavor. We see the appeal because you are walking into an essential framework someone else built instead of starting from scratch. Here are five legal aspects to think about before you sign the dotted line. Stock Purchase Versus…
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