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PLEASE NOTE: To protect your safety in response to the threats of COVID-19, we are offering our clients the ability to meet with us in person, via telephone or through video conferencing. Please call our office to discuss your options.

Business Planning Archives

Choosing an entity during the business planning process

There is much more involved with starting a business than simply having a good idea for a company and then creating a Facebook page. In the weeks and months leading up to starting a business, there are important decisions you will have to make that will lay the groundwork for the future direction and success of your company. One of these includes the choice of a business entity.

4 Factors that may Affect Your Business's Succession Planning

You have a significant amount of time, money and effort invested in the business you started. Eventually, though, you must either step aside and let someone else take the reins or wrap up your venture. After all, you simply cannot work forever.

How COVID-19 Is Shaping The Law In Colorado And Beyond

One of the first obstacles our office faced while making plans to quarantine was the document signing process. After all, an in-person signature with witnesses and notaries are an essential element of most of our legally binding documents. While we can discuss, draft, and share your estate planning documents remotely, our delivery process typically requires at least 5 people in the room to finalize signatures.

Business formation types that limit personal liability

Unless you are careful when you initially set up your new business, you run the risk of exposing yourself to potential liability. The type of business structure you create ultimately determines everything from how you pay your business's taxes to the type of paperwork you need to file to stay compliant. Thus, while there are many variables involved in picking the structure that may best fit your needs, there are two specific types you may want to consider if limiting liability is a primary objective.

UNDERREPORTING BUSINESS INCOME CAN BACKFIRE IN SELLING YOUR BUSINESS

As a business attorney, I've represented several clients who have sold or bought existing businesses. Sometimes the seller of the business will intimate, or even outright admit, that they have underreported their income on the business tax returns.

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Brady, McFarland & Lord, LLC
5400 Ward Road, Building 5-170
Arvada, CO 80002

Toll Free: 888-806-7304
Phone: 303-835-1811
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