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 »
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 »
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 »
Defending small business fraud cases involving government contracts can be a contractor’s worst nightmare. Hiring local criminal defense counsel that is experienced in federal procurement law can be equally challenging. Federal prosecutors know this. Hence, the higher percentages of convictions for them. Learn how to increase your chances of prevailing…. 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 »
Avoid the Wrath of the SBA’s Present Effect Rule 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 merge (including agreements in principle) as… Read more »
Understand and apply the various nuances of a Colorado limited liability partnership before there are disputes and it’s too late. Forming a limited liability partnership in Colorado means operating a business with more than one owner. This type of business partnership offers owners some level of limited personal liability for… 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… Read more »