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 […]
Limited liability companies (LLC) are deceptively easy to form and use. One of the realities of an LLC is that it is a structure under state law, while it can be taxed many different ways under federal law. This is part of its appeal, and a part of its deceptive complexity. Without some careful planning […]
A new year is fast-approaching, bringing new beginnings, fresh starts, and changes. If your business hasn’t updated its employee handbook recently, it’s time to make some changes. While many portions of an employee handbook will fundamentally remain the same, others need updating as time progresses. Cultures change, as do technologies and laws. Your handbook should be […]
The COVID-19 pandemic has changed how Americans conduct nearly every aspect of their lives, including where they work. Almost twice as many employees are working from their homes as at the workplace. According to Stanford economist Nicholas Bloom, the U.S. has morphed into a work-from-home economy. Bloom recently conducted several national surveys, which revealed that […]
The Lawful Activities Statute, C.R.S. 24-34-402.5 One of the exceptions to the general rule that an employer can terminate an at-will employee at any time for any reason as mentioned in an earlier post, Employees and Independent Contractors: The Basic Framework, is the statutory protection of an employee’s legal off-duty activities. Under the Lawful Activities […]
Many Colorado businesses are doing soft re-openings now that there are COVID-19 safety protocols in place to do so. Every business is affected by COVID-19 in its own unique way, so there is no one way to best to face these challenges. However, as pandemic restrictions are lifted, there are steps your small business can […]
Protecting your small business during the COVID-19 pandemic is mandatory for safe and successful operation. The most important thing you can do as a business owner is to be proactive: proactively implement the necessary steps to keep your business, employees and customers healthy. Consult with a business attorney on the best practices and compliance with […]
Colorado business owners have frequent involvement in common transactional disputes. At one time or another, most businesses will be involved in transactional conflict or litigation, whether initiating or defending itself against legal claims. Litigation is costly, stressful, and time-consuming. But business ownership is part of the American dream. Although it is a way to make […]
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