You may have been one of the many Colorado entrepreneurs who started your company in your home. Perhaps you handled all the necessary tasks alone or with one other person until your business got off the ground. Fortunately, your company saw success to a point where...
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Business Planning
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...
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.A business succession...
Keep good employees on board with a good benefits package
Perhaps you have lost one or two super-star employees to the competition and do not want to see any others go out the door.One way to keep good employees happy and disinclined to leave your company is to provide the kind of benefits package that keeps them on board....
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,...
Making business succession part of your estate plan
What will happen to your business when you retire? What will happen to it if you die or become incapacitated?These are questions that will likely come to mind as you prepare or update your estate plan. Therefore, here are three business succession options to consider:...
Craft your business plan with your audience in mind
If you are about to launch a new venture, your business plan is going to be a highly important tool to help you reach your goals.You may want several versions of the plan because you will want to target different audiences for different reasons. That said, here are...
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...
The importance of proper employee classifications
Employee support is the lifeblood of many businesses. Therefore, it is quite beneficial for employers to have protocols in place that help to support their employees.Along with them being beneficial for productivity, having necessary business protocols in place...
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. Of course, now that...