Colorado Limited Liability Company Operating Agreement

Avoid Costly Legal Mistakes When Drafting Your Colorado LLC Operating Agreement  What is an 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 involved in costly litigation due… Read more »

LLC vs Corporation – What Does LLC Stand for in Business Terms?

Knowing the Differences between a Limited Liability Company LLC vs Corporation 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… 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 »

Limited Liability Company vs Limited Liability Corporation Ltd vs LLC

 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 »

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 »

SBA Fraud – Criminal Defense for Disadvantaged Small Business Program

On the issue of defrauding the government under the SBA Disadvantaged Small Business Program, there many recent small business government contract SBA fraud 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 fraud under… Read more »

Mergers and Acquisitions 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

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 »

Forming a Limited Liability Partnership LLP in Colorado

Understand and apply the various nuances of an LLP before there are  disputes and its too late. 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. Partnership laws in… Read more »