Assets Purchase Agreement & Government Contract Novation 41 USC 15

As a government contractor, or company seeking to buy a business where federal contracts are involved, you must consider the various implications you face given the federal regulations governing the sale of a business and assignment of contract issues. There are various legal nuances involved such as whether or not… Read more »

Secretary of State SOS Colorado Business Filings

Starting a business in Colorado has certain filing requirements with the Colorado SOS (Secretary of State). Depending on the type of business, you must make sure that you follow the basic legal requirements. Failure to do so will mean that your business is non-compliant. This could mean exposure to personal… Read more »

Colorado Limited Liability Company Act LLC Basics

Understanding the Legal Nuances of the Colorado Limited Liability Company Act Can Minimize Headaches and Costly Legal Mistakes With 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… Read more »

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 »

Mandatory FAR Contract Flow Down Clauses in Federal Government Contracts

Prime contractors that are bidding on government contracts often provide subcontracting opportunities to other businesses. However, there is some confusion whether a specific FAR contract flow down clause applies to subcontractors. The reality is that different types of contracts woul have varying flow down clauses. Problem: 43% of prime contractors are… Read more »

REA Contracting – Requesting Contracting Officer’s Final Decision

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 »