Understanding the Legal Nuances of the Colorado LLC Act Can Minimize Headaches and Costly Legal Mistakes With Colorado LLC Laws. Many start-up companies in Colorado elect the LLC business entity. However, failure to follow the basic statutory requirements can expose business owners to personal liability. Although easy to start an… 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. Without proper formation or compliance with Colorado LLC Laws, your personal assets can be exposed to creditors There is… Read more »
Avoid Costly Legal Mistakes When Drafting Your Colorado Limited Liability Company Operating Agreement What is an Limited Liability Company Operating Agreement? A limited liability company operating agreement helps business owners to form the company with documentation about the business relationships between the partners. Without it, many business owners find themselves… Read more »
Knowing what is the difference between LLC and Corp Can Mean Less Liability When You Comply with the Rules. When forming a new business, you might wonder what is the difference between a limited liability company, LLC vs Corporation. What does LLC stand for in business terms? In Colorado, and in… 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 »
Are you a large business or small business government contractor struggling to navigate the complexities of flow down clauses to subcontractors? Are you worried about legal trouble, including criminal charges, if you don’t understand how Christian Doctrine contracting applies? Our legal services are here to assist you in understanding all… Read more »
Government contractors often find themselves in a precarious position when they file a request for equitable adjustment (Government REA Contracting Act) but later made the argument that it meets the requirements of a Contract Disputes Act claim. Understanding the applicable laws can save contractors thousands in attorney fees when seeking… Read more »
Choosing whether to start a Colorado Limited Liability Company vs Limited Liability Corporation is a question that many small business owners ask in Colorado. Without a deep understanding of the corporate legal formations and liability exposure, business owners often find themselves in legal trouble or facing lawsuits for personal liability. Understanding the differences… Read more »
Be aware of the various legal nuances that can cost you the contract. Independent Government Contractor agreements in federal contracting have vastly different legal issues. Not only do the parties have to very careful at the bidding stages; they also have regulated approaches to subcontracts during the performance stage.Government contracts should… 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 claims in contracts, service contracts predominately stand out as an example because there is no statute that governs the rights and… Read more »