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 »
A Limited Partnership (LP), as compared to a general partnership, is formed by two or more people doing business. At least a person must act as the general partner. That person must have actual management authority for the day-day- activities of the company. This is in direct comparison to the other… Read more »
Theodore P. Watson, Esq Strategic companies often seek to acquire small businesses that currently have government contracts. However, buyers must seriously invest the time and resources to make sure that they are considering the essential issues that can arise. One of the common issues that arise is whether the acquired… Read more »
Understand the SDVOSB certification rules when your status challenged in a bid protest or you may lose millions in government contracts. One of the most challenging experiences as a service disabled veteran-owned small business (SDVOSB business) is to defend against the status of your company in a bid protest. There… Read more »
Not Meeting SDVOSB Requirements Can Cause You to Lose Government Contracts and Become Subject to SDVOSB Fraud Criminal Penalties. Sometimes Even the Simplest of Mistakes Can Still Trigger Indictment by the DOJ of OIG. One of the common issues in getting small business SDVOSB certification is proving that you are in… Read more »
The SBA has made it clear that populated joint venture government contracts will no longer be allowed. This change came about when the SBA issued its final rule about the Mentor Protégé Program. The new unpopulated joint venture rule says that when a joint venture is formed as a separate… Read more »
Theodore P. Watson, Esq. Historically Underutilized Business Zones / HUBZone joint venture rules are very specific and can be complex. The Small Business Administration (SBA) has initiated some new twists to the joint venture regulations that your company should be aware of. Failure to follow them can lead a small business… Read more »
Is your company qualified under SBA small business joint venture regulations? Do you legally meet the joint venture definition? Understand the rules and get your company better positioned when bidding on federal government contracts. Improper joint venture relationships can lead to affiliation and contracts being revoked. In some situations, the… Read more »
If you are thinking about forming a Colorado limited liability company, you must develop and file the Business or LLC Articles of Incorporation with the Secretary of State. Other states may sometimes refer to the articles as a certificate of incorporation. Colorado Articles of Incorporation are governed by Section 7-80-203… Read more »
Failure to Grasp the Basics Of Forming a Single Member Can Leave Exposed to Personal Liability and Creditors Get help with Colorado LLC operating agreement single member companies There are various types of business entities under the various state laws. In the case of a single-member LLC under LLC Colorado… Read more »