Selling your business is a significant decision. If you decide to take this step, you want the transaction to go off without a hitch. Without planning and arming yourself with knowledge, there are bound to be some bumps in the road that could compromise a smooth and profitable process. Here are the top mistakes the business owners […]
Both employers and employees have rights under federal and state laws. Sometimes additional rights are established within a contract when an employee is hired. Unfortunately, employment law disputes are common. Whether you run a small business with only a handful of employees or a large corporation, you don’t need to be in business for long to realize the risk. Here are three of the […]
No matter what type of business you own or run, you know that staying on top of your accounts receivables is imperative to your success. When one or more of your clients or consumers doesn‘t pay an invoice, it can quickly and severely hurt your business. Perhaps you‘ve already done your best to contact them and politely ask for payment, and you‘ve […]
Thankfully, starting a business has never been easier. However, that doesn’t mean you should skip over a comprehensive conversation about business entity types. Carefully and adequately selecting a business entity that fits your company’s needs will maximize your profitability, protect you from liability, and reduce tax obligations. In addition, determining the correct type of entity for your online business can mean the difference between a successful business venture that endures […]
Business partnership disputes often arise for various reasons as partners operate a company together and work together. The problem with conflicts is the strain and potential fracture they can cause in business partner relationships and their risk to the company. Some of the most frequent reasons for Colorado partnership disputes arise from: Breach of Fiduciary Duty Each business partner must act in the best interests of the company. Misappropriating company monies, taking business funds that belong to the business for personal benefit, or taking any action that could hurt the monetary interests of the […]
Could your business defend itself against a lawsuit brought by an employee? Even with inclusive and positive company cultures, fair pay, and an equal opportunity employment policy, your company could still be at risk. Multiple lawsuits can arise in the workplace, although most are avoidable by using human resource strategies and employee management procedures. The Top Five Most Common Workplace Lawsuits […]
Commercial disputes are challenging for any type of Colorado business. The good news is that many can be avoided by understanding potential conflicts, having a well-written contract, and having legal counsel to help provide advice when conflicts emerge. Common Commercial Disputes At Hackstaff, Snow, Atkinson & Griess, LLC, our attorneys represent clients in many different common commercial disputes, such as: Breach […]
Businesses across many sectors are turning to gig workers more and more to help fill in gaps in their workforce and meet other goals. In many ways, this is an ideal arrangement for both employers and gig workers. There are numerous cost-saving benefits for employers as they do not pay for federal or state payroll taxes, workers’ […]
This month of September, we will be addressing various issues related to operational issues for businesses. This post will give an overview of the primary sources of risk an average business is subject to as it relates to third parties. Taking a page from one of my favorite authors, C.S. Lewis, there are too equal […]
Working remotely, the gig economy, and contract work is increasing exponentially. Companies from many different business sectors are all filling in labor gaps with gig or contract workers. Many of them perform their contracted duties remotely. While this is convenient for both the company and the contractor, it opens the door to many business risks. One of the most […]
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