Operating Agreement for LLC Colorado

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 »

Forming an LLC vs Corporation — What Does LLC Stand for in law

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 »

Colorado LLC Laws — LLC Personal Liability Protection

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 »

LLC vs LTD Colorado Limited Liability Company vs Limited Liability Corporation

 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 formations and liability requirements, business owners often find themselves in legal hot water or facing lawsuits for personal liability. Understanding the differences can turn… Read more »

Litigating Breach of Common Law Contract Remedies

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 »

Merger and Acquisition of Federal Contractors

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 »

Small Business Mergers and Acquisitions – Present Effect Rule

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 Liability Partnership – Forming LLP

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 »

Filing or Intervening SBA Small Business Size Protests

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 »