Death of an owner is actually a little easier to plan for than the disability of an owner. Both situations raise very similar questions, for example, (1) who will do the work the owner was doing?, (2) how will the owner, or the owner’s family, survive?, and (3) who will step in to make decisions […]
With so many unknowns in the Colorado business environment, many investors are looking for assurance that company culture is prioritized and can withstand change in 2021. The challenge of board building is enormous, and most companies are unsure of where to start. A board is only as good as its members, and high-quality members are surprisingly hard to find. A study conducted by the Harvard Business Review found that 81 percent of survey […]
Our attorneys at Hackstaff & Snow LLC know that Colorado corporate governance sets an organization‘s tone. It identifies the use of power and decision–making in the company. For decades, corporate governance has focused on its shareholders, regulation of its directors and executive team, accounting, tracking operational activities, and other duties. In 2010, the International Finance Corporation (“IFC“) described corporate governance as the framework and methods used to direct and control […]
Charitable trusts are beneficial not just because they allow you to make generous contributions to charity but also because they give you and your heirs a substantial tax break. With a charitable trust, you can help a cause you or your family members feel impassioned about and receive tax relief in the process. As generous or as […]
In a recent Colorado case involving a debt collection agency that stored customer service information in a password protected web database, the Colorado Court of Appeals upheld the enforcement of claims for misappropriation of trade secrets and breach of a nonsolicitation agreement against a independent sales agent who left to work for a competitor. The […]
When most people think of charity and fundraising, they think of public efforts such as a GoFundMe to account for a tragic loss of a loved one or a car wash for the high school volleyball team. They may also think of public entities like the Make-A-Wish Foundation and The Susan G. Komen Foundation. However, charitable giving can also be […]
Most often the value of legal services is expressed in terms of avoiding risks and loss, which is very true. This line of reasoning focuses on how a small business is able to keep the revenues it generates, keep its assets, protect its assets and resources, and similar issues. Beyond avoiding risks or losses, it […]
Estate Planning Unplanned Inheritance When an owner dies, without specific planning, their business interest becomes a part of their estate. Without a will or directive, the assets in the estate will be transferred in probate according to state law. This transfer could also result in tax consequences depending on the value of the estate. As […]
Your company‘s intellectual property (IP) rights are among its most valuable business assets. When properly obtained, managed, and enforced, they have immense value and protect the company’s commercial power. Every business should periodically conduct an IP audit to ascertain their rights, the extent of protection they are entitled to, and the value of the company’s IP assets. Informed business decisions require an in-depth understanding of the […]
You started the new year with a big idea for your company; maybe you even have more than one. You‘re excited to hit the ground running with it. Still, before you do, it‘s time to consider what types of protections your intellectual property might require. Not securing the appropriate protections jeopardizes your big idea‘s value and impact on your […]
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