In Colorado, the most common entities for new businesses are the sole proprietorship, general partnership, limited partnership, limited liability company; and corporation. When considering which structure is right for your new business you should consider the following factors: (i) the extent owners are protected from personal liability; (ii) your desired management structure; (iii)Go to Resource
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The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 granted federal bank regulators the power to set mortgage lending standards. This past March, the bank regulators released draft guidelines for mortgages that will meet the new Qualified Residential Mortgage (QRM) standard. It is expected that mortgage loans meeting the QRM standardGo to Resource
Every once in awhile, after being fed up with complaints about unruly teenager behavior, a board jokingly asks me “can we exclude teenagers from the community?” They’re often surprised when I answer yes, the Housing for Older Persons Act of 1995 (“HOPA”) allows communities to restrict its housing to persons who are 55Go to Resource
The Colorado Civil Rights Division (“CCRD”) has determined that it will take further action to investigate claims of racial discrimination made by residents of a local mobile home park. The allegations are that the managers are towing cars owned by residents of Mexican descent while ignoring similarly inoperable cars owned by other residentsGo to Resource
A Denver area court recently forced a homeowners association to provide to requesting owners thousands of personal e-mails under a records inspection request. The judge required e-mails between board members and between board members and owners to be disclosed despite the lack of any language in the statutes to support such an order.Go to Resource