Starting and maintaining a small business in Colorado is a challenge. People who have a product or service they believe can benefit the community and help them earn a living will undoubtedly want to share it. Still, there are myriad concerns with any business,...
Denver Business & Commercial Law Blog
How to protect your company’s secrets
Virtually every business entity in Colorado has information that it regards as secret or confidential. This information can range from customer lists to complex patents. All business owners want to protect their secret information from disclosure to competitors, but...
Can a verbal promise be enforced as a contract?
A lot of business owners take pride in their word and their business relationships. In many instances, businesses operate based solely on the word of those they do business with. While this might simplify matters some, it can also lead to enormous complications that...
Owners should think about how to pass their business on to their successors
When forming a business, the last thing on a Denver resident’s mind may be how to hand the business on to the next owner. However, it really is never too early to think about business succession planning sooner rather than later. After all, too many Colorado...
Some important things to remember when giving a deposition
If you're a business owner who is going to court over a contract dispute or another legal matter (either as a plaintiff or defendant), you'll likely be required to give a deposition. If you've never given one before, it's essential to understand what depositions are...
Watch for these red flags if you’re considering a merger
A merger can provide myriad advantages and opportunities for both companies. However, sometimes, these advantages can blind those who are considering the merger to potential problems ahead.There are a number of red flags to look out for as you do your due diligence...
How can non-solicitation agreements protect your business?
You want your employees to have a good relationship with your clients. That only benefits you and helps you grow your business. But what happens when one of those employees leaves and moves to a new business – or starts of one their own? They may have clients...
Is your small business a ‘micro-business?’
You may have heard the term "micro-business" and wondered how that type of enterprise differs from a small business. Basically, micro-businesses are a subset of the small business community. However, there's are no precise or agreed-upon criteria for a...
How do Uniform Commercial Code filings work?
A Uniform Commercial Code (UCC) filing is a type of legal action that a creditor takes to attach a lien to a business. This process serves as an official notice that they have an interest in the debtor's personal or commercial property.Creditors often require...
When might you want to set up an S-corp?
Many business owners choose to set up their business as a limited liability company (LLC) because it allows them to report and pay their tax obligation along with their personal return. Business owners also like that an LLC comes with built-in liability protection...