Many business and personal agreements may start with a handshake or verbal understanding, but if they’re not backed up by a written contract, these agreements can be risky. While Colorado law does consider certain verbal contracts legally binding, they are easily prone to misunderstandings that can make them difficult to perform or enforce. The Risks: […]
Business owners have a lot on their plates, and reviewing contracts can be a tedious task that is sometimes rushed through. Unfortunately, signing a hastily-read contract can result in significant financial or legal liabilities down the road. Below are the six most frequently overlooked subtle contract details that can hurt business owners if they aren’t […]
When people think about estate planning, they often think first of a will. However, a will doesn’t keep you out of probate and it doesn’t necessarily protect your assets. Trusts are much more versatile tools for both, and there are a number of different trusts to choose from depending on your specific situation. The most […]
Business ownership is filled with day-to-day decisions and long-term planning designed to keep the company running smoothly. But one critical issue is often overlooked: who will make those decisions if the owner is suddenly unable to do so? Without a succession plan in place, things can go south quickly. Facing the Reality of an […]
While the saying “it’s just business” or “it’s nothing personal” is meant to de-escalate a business dispute, it rarely works. Business owners are personally involved in their businesses and emotionally tied to their ventures, making it difficult not to have an emotional, knee-jerk reaction to contractual or partnership friction. And that can be a recipe […]
Business litigation disputes can stem from any number of causes, but there are a few areas that litigators see more than others. The upshot is that by taking note of the most common sources of dispute, companies can proactively tighten up policies and strengthen contracts to mitigate as much litigation risk as possible. And while […]
While every person is within their rights to represent themselves in a legal situation, it’s typically inadvisable. The legal system is built on a web of nuances and complexities that can be difficult for untrained individuals to navigate, frequently making professional legal counsel the difference in the outcome of your case. If you’re facing a […]
The Colorado Paid Family and Medical Leave Insurance (FAMLI) Act went into effect in January 2024 and brought about significant changes and advantages for Colorado employees to manage their employment amidst significant medical situations. (See our previous blogs: “The Colorado FAMLI Act – What Employers & Employees Need to Know” and “Colorado FAMLI Act: Common […]
The old adage about time and money still rings true, especially when it comes to legal consultations, where time is still the most valuable commodity. Rather than spending 40 minutes of the consultation looking for documentation, make the most of the time by coming in prepared. The following tips will help you arrive prepared, stay […]
March 15 is the deadline for partnerships and S corporations to file their federal income taxes. It’s also far enough along in the year that general financial and operational plans should be established to ensure a solid footing for the rest of the year. Below are the top 5 things that businesses should accomplish by […]
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