Knowing what is the difference between LLC and Corp 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 Colorado, and in… Read more »
A partnership in business is the relationship formed between two or more persons who carry on a business or trade for a profit. A complete definition of a partnership agreement is determined on a state by state basis within the state statutes. Regardless of whether you have a business partnership agreement in place,… Read more »
Given the increase in government contract and procurement fraud activity, in 2006, the National contract government procurement Fraud Task Force was formed to promote the early detection, identification, prevention, and prosecution of procurement contract fraud. Government contractors are more exposed to investigations and are finding themselves facing more criminal charges and jail… Read more »
The Small Business Administration’s (SBA) 8(a) business development (bd) program application starts the process for qualified applicants to seek approval from the SBA and join thousands of other disadvantaged businesses to increase their likelihood of getting more business revenues. The 8 a BD Program is a 9-year program initiated by… Read more »
Service Disabled Veteran Owned Small Business / SDVOSB certification requirements) decisions for government contracts is becoming a hot item in bid protest litigation. When it comes to Department of Veteran Affairs solicitations for SDVOSB Set Aside Contracts, government contracting agencies sometimes fail to follow statutory requirements for market research. When… Read more »
The legal analysis of Business law includes regulatory and statutory guidelines to which owners must comply. For example, under Colorado business laws include regulations that govern limited liability companies, business partnerships and more. If you are operating a commercial business that includes the sale of goods, understanding the basic principles of… 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 »
Failing to Comply with SBA Joint Venture Definition and Affiliation Rules Can Cost You the Contract. The SBA joint venture definition means two or more businesses joining forces for a profit. The effort is generally targeted to a specific project in federal contracting. In government contracting, the Small Business Administration (SBA)… Read more »
Contents of a joint venture agreement are statutorily set for small businesses and 8(a)certified companies. If you are a small business in the SBA 8a certification program and thinking about entering a joint venture agreement with another company, there are a few things that you want to consider. Not only are the… Read more »
As a current or new Colorado business law, there are some basic points that you must know. Legal issues lurk in the horizon under Colorado business laws and you must be aware of the pitfalls that await you. The following FAQ’s are derived from the Colorado secretary of state. From the Colorado… Read more »