At some point in the lifecycle of most businesses, it will either be sold or new owners will buy in. Therefore, it makes sense to structure your business from the very beginning so as to maximize its future sale value. In a previous post we discussed some key steps that a business ownerGo to Blog
Category: Business Law
Effective January 1, 2013, minimum wage earners in Colorado received a raise. The state minimum wage increased $0.14 per hour resulting in new minimum wages of $7.78 per hour for non-exempt employees and $4.76 per hour for tipped employees. It is estimated that over 66,000 employees in Colorado benefited from the increase inGo to Blog
The Equal Employment Opportunity Commission recently issued guidance standards for employers who utilize criminal background investigations. The primary guidance is making sure your use facilitates fair and consistent evaluation of all applicants. If you use a job application or you inquire about an applicant’s criminal conviction history, you may be required to proveGo to Blog
One of the most important documents that should be generated when forming a new business as an LLC (“limited liability company”) is the operating agreement. Unfortunately it may also be the longest document, chock-full of boilerplate provisions. That raises the risk that people handling the process of new business formation may not giveGo to Blog
Businesses should seek to avoid disputes and lawsuits wherever possible through effective documentation, communication, risk management and alternative dispute resolution. But in our litigious American society, it is a fact of life that businesses are routinely sued, both for good reasons and for questionable ones (for example, see our blog post on howGo to Blog