Tis the season for business planning. Savvy entrepreneurs know that buying all or part of an existing business – a “going concern” – may be easier and less risky that starting up a new business from scratch. A dilemma arises when entrepreneurs are more interested in, and therefore more focused on, how theyGo to Blog
Category: Business Law
Promissory notes are often the simplest way to finance the purchase or sale of a business. As we explained in our October 4, 2012 post, promissory notes are negotiable instruments similar to checks. But what happens when the person who signed the promissory note (also known as the “maker”) doesn’t pay when heGo to Blog
If you classify any workers as independent contractors, now is a good time to make sure you get those classifications right. The IRS and U.S. Department of Labor launched a massive “Misclassification Initiative” last year to identify employers who are labeling employees incorrectly as independent contractors to save on taxes. The IRS predictsGo to Blog
As growing numbers of baby boomers enter retirement age those who own their own businesses are faced with the challenges of generating an exit plan. An exit plan requires not only preparing yourself mentally for retirement but also readying your business for sale. A recent article in the Northern Colorado Business Report discussesGo to Blog
Colorado has recently joined larger states like New York, Florida and California in suffering a wave of “Drive-by Litigation.” Recently a single disabled plaintiff and Florida attorneys have filed many nearly identical lawsuits designed to extort settlements from Denver Metro Area businesses for failure to comply with the Americans with Disabilities Act (“ADA”). Go to Blog