With the recent adoption of the Colorado Paid Family and Medical Leave Insurance (FAMLI) Act in January 2024, there have been a lot of questions about who is eligible and what the benefits are, and the benefits from FAMLI as opposed to the Federal Family and Medical Leave Act (FMLA). While every employer is required […]
After signing a non-disclosure agreement (NDA) at the beginning of a merger and acquisition (M&A) transaction, the next step is for the buyer to produce a detailed letter of intent (LOI). This letter outlines the major terms of the transaction. Related: See “M&As: Key Issues in Buyer Non-Disclosure Agreements” In essence, the LOI is a […]
Colorado’s commitment to reaching 100% renewable energy by 2040 has sparked a big push in alternative energy projects around the state. It’s also brought in outside interest from alternative energy companies hoping to secure access to available agricultural land to set up wind and solar farms. This can be a nice benefit for farmers looking […]
A Qualified Personal Residence Trust (QPRT) can be a useful estate planning tool for strategically reducing gift and estate tax burdens on your beneficiaries when the asset is transferred. How QPRTs Work: A QPRT is an irrevocable trust. Once you transfer a property into the trust, you will not be able to take back ownership. […]
Hackstaff, Snow, Atkinson & Griess is proud to announce that Of Counsel Ann West recently closed a large sale of the Universal Tractor Co., a farm and construction equipment dealer, to Kubota of Denver. Universal Tractor Co. has been a family owned and operated fixture in the West Denver community for 74 years. Under its […]
Most people are aware that disinheriting someone is the intentional act of preventing a person from receiving a share of the deceased’s estate. But “accidental” or “unintended” disinheritance is what happens when someone fully intends to leave assets to a family member, but improper or inaccurate estate planning practices result in that person being disinherited, […]
You’ve sold or merged your business, and the transaction has concluded. The next step is corporate dissolution, right? Actually, no. There are a few very good reasons why you shouldn’t dissolve your company immediately after selling it. There is a lot of conflicting advice out there about how to handle wrapping up a business after […]
One of the first steps to the process of mergers and acquisitions (M&A) is introducing confidentiality and non-disclosure agreements (NDAs). This step is crucial in the beginning as it details exactly what information within the buyer and seller exchange should be protected as confidential, thus limiting how the buyer can utilize that confidential information. NDAs […]
Effective January 1, 2024, the full benefits of the Colorado Paid Family and Medical Leave Insurance (FAMLI) Act officially became available. (Premium contributions for the plan began January 1, 2023.) Key FAMLI Act Features Covered Colorado workers can receive up to 12 weeks of paid leave per calendar year without the risk of losing their […]
While 2024 did not usher in many state tax law changes, there are a couple of items that Coloradans should pay attention to. One-Time TABOR Refund During a special session in November 2023, HB23B-1002 was approved to increase the earned income tax credit for the 2023 tax year. In essence, the act creates a one-time […]
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