When sellers in Colorado execute a business sale and purchase agreements, there are certain key aspects that they must pay special attention to. Each sales contract may have different nuances but attorneys for each side will want to conduct their due diligence and understand the primary concerns on the buyer or seller…. Read more »

If you are thinking about forming a Colorado limited liability company, your must develop and file the Articles of Incorporation with the Secretary of State. Other states may sometimes refer to the articles as a certificate of incorporation. Articles of Incorporation are governed by Section 7-80-203 and Section 7-80-204 of the… Read more »

What is a Non-Disclosure Agreement? When companies want to protect certain information from reaching the hands of the competition, they usually draft a Non Disclosure Agreement ( commonly referred to as A Confidential Disclosure Agreement (CDA)). The Non Disclosure Agreement  is a contract between the disclosing party and the receiving… Read more »

There are various types of business entities under the various state laws. In the case of a single member LLC, this business entity only has one member. Unless the business owner chooses to become a disregarded company for tax purposes, the IRS will treat your business like a corporation. Knowing… Read more »

Assignment of contract decisions when there is a purchase and sale agreement involving a company that has existing government contracts should be met with caution. Although FAR 42.12 allows the buying and selling parties to execute a novation agreement due to an asset purchase or stock sale, companies should still… Read more »

Starting a business in Colorado has certain filing requirements with the Colorado SOS (Secretary of State). Depending on the type of business, you must make sure that you follow the basic legal requirements. Failure to do so will mean that your business is non-compliant. This could mean exposure to personal… Read more »

Understanding the Legal Nuances of the Colorado Limited Liability Company Act Can Minimize Headaches and Costly Legal Mistakes With LLC Laws. Under the Colorado Limited Liability Company Act, you can form your LLC with one or more members. During the initial stages of formation, LLC members can either contribute money… Read more »

The Colorado Limited Liability Company Act has a wealth of information related to operating LLC’s. However, the following are only but a few of the basics that business owners should know. Under Colorado LLC law, A limited liability company may be formed for only any lawful business governed under Colorado… Read more »

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 »