Avoid Costly Legal Mistakes With Your Colorado Limited Liability Company LLC Operating Agreement An LLC operating agreement helps business owners to form the company with documentation about the business relationships between the partners. For example, issues come up about expelling current business partners. How do you accomplish this task? Do… Read more »

Colorado Limited Liability LLC vs S Corporation Differences When forming a new business, you might wonder what is the difference between an LLC vs Corporation. What does LLC mean in business terms? In Colorado, and in many other states, a limited liability company (LLC) is a business created under Colorado statutes…. Read more »

LLC Personal liability protection is somewhat reduced under Colorado LLC laws when compared to other states. In 2012, the Colorado Court of Appeals “pierced the corporate veil” by deciding that business owners or corporations and limited liability companies are liable for personally responsible for business debts. See Martin v. Freeman, 2012… Read more »

 Choosing whether to start a Colorado limited liability corporation vs limited liability company (LLC) is a question that many small business owners ask in Colorado.  Understanding the differences can turn to the specific purpose of the business entity. One of the common issues between a limited liability company vs corporation in… Read more »

What is a Common Law Contract? Common law refers to case law or precedent where decisions are made, and there is no statute governing the particular action. In common law contracts, service contracts predominately stand out as an example because there is no statute that governs the rights and obligations of… Read more »

Lack of understanding SBA 8(a) Regulations Can Put Criminal Defendants at Risk On the issue of defrauding SBA Disadvantaged Small Business Program, there many recent cases where the Department of Justice, SBA Inspector General and other government entities have investigated and indicted Small Disadvantaged Business (SDB) owners for committing procurement… Read more »

After federal contractors acquire government contracts, some of them seek an exit strategy structuring a merger and acquisition of the company. However, when compared to the traditional commercial practice, when there are existing government contracts involved, buyers and sellers should beware. If you are contemplating joining your company with a… Read more »

Knowing How the SBA Looks at Small Business Mergers and Acquisitions Can Impact Your Sale. Many government small businesses make the huge step of merging with other companies for viable business reasons. However, when considering small business mergers and acquisitions impact, the  SBA’s “present effect” rule, the SBA considers agreements to… Read more »

Forming a Colorado limited partnership means operating a business with more than one owner. This type of business partnership offers owners some level of limited personal liability for business debts. A limited liability partnership (LLP) adds to the other business entities. The difference is that although looked at as a… Read more »

Oftentimes government contractors may want to file SBA size standards protest because they have reason to believe that the awardee does not meet the definition of a small business. However, given the short deadlines, companies have a difficult time explaining why the competitor is not a small business. This procedural requirement that… Read more »