Colorado LLC 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?

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 »

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 »

Cost Accounting Standards CAS Exemptions and the Importance

Many government contracts are subject to cost accounting standards (“ CAS ”).  The nineteen CAS standards “govern the allocation of costs among the various contracts being performed by a government contractor.”  While many contracts are subject to CAS exemptions, many are not. The importance of cost accounting standards and the… Read more »

Federal Construction Scope of Work Changes

In government construction contracting, a general contractor often litigates contract disputes about construction scope of work changes but often finds out after thousands in litigation costs, that it has either failed to follow FAR procedure or took a substandard technical approach to getting paid.  For large federal projects, the risk of… Read more »

Filing a Contract Claim Appeal Against the Government

After filing a contract claim against the government, you finally receive the bad news from the Agency – a denial of claims.  17% of contract claim against the government will be denied. In addition, 33.2 % of appeals to the Board shall be dismissed or denied either for lack of jurisdiction… Read more »

Prompt Payment Act – Government Construction Contracts

Being subject to the Federal Prompt Payment Act, 31 USC 3901-3905 (the “PPA” or “Act”) for government construction projects puts business owners in a financial strain when the government does not pay invoices on time.  The Act was enacted to facilitate early payment to contractors when work is timely performed… Read more »