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 […]
Hackstaff, Snow, Atkinson & Griess is extremely proud to announce that Partners Aaron Atkinson and Douglas Griess have been recognized as 2024 Colorado Super Lawyers! Aaron was nominated in the category of General Litigation, and focuses his practice on Civil Litigation, Construction, Real Estate, Insurance Bad Faith and Claims, Business, Contracts, and Collections. Douglas was […]
With the clock ticking on 2023 business tax filings, here’s a quick look at some of the important considerations, credits and deductions for businesses to take advantage of from The Inflation Reduction Act. Passed in 2022, The Inflation Reduction Act is an attempt to slow inflation through a multi-pronged approach of reducing the federal government […]
When it comes to resolving disputes, there are several methods to try depending on the situation. Litigation, arbitration, and mediation are three of the main avenues for dispute resolution. Below, we explain each option, then discuss how to choose the right method. Litigation Litigation is the most formal process of resolving disputes, and the most […]
Most people want to avoid becoming embroiled in litigation at all costs, but there are times when it’s unavoidable. Whether you’ve been served or are thinking of filing a complaint, it’s important to understand what the main stages of litigation are, what the process entails, and how to navigate it. The term “litigation” simply refers […]
Construction projects open up general contractors, subcontractors and materials suppliers to a fair amount of financial risk, even with a thorough construction contract in place. As labor hours and materials costs ratchet up, contractors and suppliers need to have some recourse for recouping unpaid expenses. In Colorado, that protection comes in the form of mechanic’s […]
While construction projects vary greatly from one to the next in terms of cost and scope, there are a handful of crucial terms that should always be included in every contract to protect all parties involved. Clearly defining roles and responsibilities, as well as what to do when things don’t go as planned, is the […]
When companies are sold or merged, the ownership and management of assets (whether transferring from one company to another or merged into a new entity) can be complex. The mergers and acquisitions (M&A) process involves all tangible and intangible assets, including financial assets. This is where escrow comes into play. Escrow is a common transactional […]
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