We’ve all heard the old saying that “time is money” but that is especially true if you are a closely held business owner whose time is already limited. Lawsuits of any kind can take up a huge amount of a business owners’ time and energy. Preparation for depositions, producing documents and being inGo to Resource
Category: Business Law
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
When making staffing and hiring decisions, one question companies commonly face is whether to engage independent contractors or employees. While using independent contractors has its benefits (such as not having to pay payroll taxes for those individuals), it can carry legal risks if a person is misclassified as an independent contractor as opposedGo to Resource
A significant concern to owners of closely held businesses is what happens to the business if one of the owners can no longer participate in its operations. This situation commonly results when one owner of the Company dies. However, the same situation can result if an owner becomes disabled, retires, or loses his/herGo to Resource
You’ve got a great business idea and you even have start-up funds! But, do you know the essential documents you will need to retain? Whether you anticipate profits or losses in the first year or two, it is more important to properly document everything that occurs. Sloppy documentation and reporting can result inGo to Resource