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Leaving a business can be one of the biggest financial moves a business owner makes during his lifetime. When this time comes and owners have developed an effective exit plan, they can position themselves to leave on their terms – maximizing the possible payouts they receive while minimizing the associated tax liabilities. To underscore the […]

Although you may think your business’ operations are small, there are specific standards a business entity has to meet in order to qualify as a small business. Understanding what these standards are can be critical to determining whether your business qualifies for small business loans (and government contracts/other opportunities). What Qualifies as a Small Business? […]

Fiduciaries, such as attorneys, accountants and even trustees, generally have a financial and/or legal obligation to some other individual or party. When fiduciaries fail to live up to their obligations in this role, they can be sued for breach of fiduciary duties, making them potentially liable for paying a significant amount of damages. Whether you […]

Trade secrets and confidential information can be the backbones of businesses, and protecting this information can be pivotal to a company’s success and future. Among the various parties that interact with businesses – and that can have access to trade secrets and confidential business information – are a company’s employees. Below, we’ll discuss how businesses […]

Winning a government contract can be a boon for any business. From securing a stable source of revenue to making connections with professionals who can help your business in the future, government contracting can be extremely beneficial. Before your business can enjoy such advantages, however, it first needs to win a government contract. Below, we’ll […]

Buy-sell agreements are documents that can outline what should happen with a business in the event certain situations arise. While there are a number of different reasons that business owners should develop buy-sell agreements, once they have these agreements in place, it will also be important to regularly review and update them to ensure that: […]

While business insurance is a must for certain types of entities, such as health care providers, it can be difficult for small business owners who conduct low-risk work to know when to get business insurance. To help you understand your options, as well as when it may be time to get business insurance for a […]

As we’ve pointed out in a few recent blog posts (here and here), submitting periodic reports for businesses is necessary the keep them in compliance with state regulations. To shed some light on what these reports are and what they should include, below, we’ll answer some of the most common questions regarding periodic reports for […]

After setting up a corporation in Colorado, there will be some ongoing requirements that you’ll have to fulfill in order to keep the business in compliance and maintain the limited liability it provides. Below, we’ll point out the typical ongoing requirements for corporation owners in Colorado. Corporate Record Requirements in Colorado At a corporation’s headquarters […]

Once you have set up your limited liability corporation (LLC) in Colorado, there are certain things you’ll need to do on an ongoing basis in order to maintain your business and keep it in compliance. Below is an overview of the ongoing requirements that generally apply to LLCs in Colorado. 4 Ongoing Requirements for Colorado […]