Virtual General Counsel LLC
Helping Startups And Complex Business Clients Services Throughout Denver And The Surrounding Areas
Phone: 303-395-0259 Toll Free: 800-229-1646

Denver Business & Commercial Law Blog

Protect your business and yourself

When you are developing your new business, you have a lot on your mind. Perhaps you are putting the finishing touches on an invention, or working out the logistics for your new service. You may need to buy or rent a space, hire employees and take care of endless details. Hanging over all this are your considerations and worries about your potential customers.

With all that and more on your plate, it can be hard to think beyond the immediate future. Still, some of the very basic decisions you make about how to structure your business can have profound consequences months or years from now.

Craft brewers contend with a crowded marketplace

The craft brewing business has been growing for decades, but recently it has run into some serious growing pains. As new businesses have sprouted up, brewers must contend with an increasingly marketplace crowded with competitors.

Some have responded to this pressure through mergers and acquisitions. Some have been bought by large corporations, while others have tried to consolidate their industry positions by acquiring other businesses. Still others have responded by scaling back.

Businesses trying to do good things for their community

We often talk about business as though its only goal is growth and profit. Certainly, a for-profit enterprise needs to make money. But it can also do some good for the community.

Denver recently became home to a new pizza restaurant that employs mostly people with disabilities. Located in the Cherry Creek neighborhood, Pizzability looks much like any other pizza place in the front of the house. It serves pizza by the slice or the pie, beer and other beverages, and scoops of gelato. In the back of the house, things are different. Almost all the employees have disabilities. The kitchen is designed with wheelchairs and other tools in mind, and there are a number of features for disabled workers, including tools and other things for people with sensory needs.

Build a better contract

Drafting a contract that accomplishes all your business goals while addressing all possible complications is not easy. The language in a contract should be clear and the parties should make sure they agree on every point.

The most important point in drafting a contract is simply to get it in writing. It is possible to form a legally binding contract without putting pen to paper, but if any problem arises later on it is a lot better to have a written document to which you can refer.

Different approaches to business valuation

One of the most difficult aspects of buying or selling a business is determining its value. One might say that, as with so many things in our society, a business is only worth whatever someone is willing to pay for it.

However, it's essential to get a professional valuation of the business so that the buyer and seller know a baseline for their price negotiations.

When business and historic preservation collide

Merging with or acquiring a small business often means taking possession of the business' real estate, and sometimes this means the new owner is stuck with a lease or outright ownership of a building that doesn't suit its needs. It may seek to renovate, or demolish and rebuild a structure in order to make it more practical for its business.

And here is where zoning and many other complicated real estate law issues can interfere with even the best business plans.

What types of contracts must be in writing?

It's always a good idea to get a business agreement down on paper, but sometimes, for one reason or another, it doesn't happen. Most businesspeople in Colorado are familiar with the so-called handshake deal, and other types of contracts that are not necessarily in writing. Many of these agreements meet the basic requirements of a contract (offer, acceptance, consideration, competency, intent) and so will be legally enforceable. However, a law known as the Statute of Frauds requires that certain types of contracts must be in writing, or else they are not legally enforceable.

Every state has some version of the Statute of Frauds on its books. In fact, the basic premise of the law dates back to English law from before the American Revolution. Contracts that must be in writing include those that are to last for more than one year, contracts involving the executor of an estate, contracts for goods that cost more than $500 and contracts for the sale of land, and financing agreements.

Food truck owners need help getting business on the road

With the summertime comes a flock of food trucks on the streets of many other American cities, and especially in and around Denver. Just a decade ago, food trucks appeared to be no more than a trendy update to the lunch wagons and taco trucks of old. Now they represent a $2 billion industry.

A while back, the U.S. Chamber of Commerce Foundation declared Denver one of the best cities in the nation for starting a food truck business. In a review of 20 urban areas, and a survey of 288 food truck operators, the organization compared permitting and licensing, local restrictions and other factors. Ultimately, it concluded that Denver was second only to Portland, Oregon, in overall ease of opening a food truck business.

Professional guidance for new businesses

When you are starting a new business, you have a lot on your mind. You have to get your product or service ready for market, you have to find a market, deal with suppliers, hire employees, find office or retail space and keep track of thousands of details.

All that is more than enough for any one person to take on. But while you're preparing to launch your business, it's important to make sure your business is prepared for the next chapter. If you don't have the legal elements of business formation together early on, you could be setting your business and yourself up for big trouble.

Coworking spaces getting too expensive for many small businesses

If you are starting a new business, you have to make a lot of decisions quickly. You have to figure out how to develop your idea into a working business, how to hire employees and attract customers. You may even have to figure out where you are going to work.

Renting an office space is expensive, especially in urban areas like Denver, but working from home has its problems as well. Recently, many professionals, freelancers, entrepreneurs and small businesses have tried to get around these problems by opting for coworking spaces.

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Virtual General Counsel LLC
7900 E Union Ave
Suite 1100
Denver, CO 80237

Toll Free: 800-229-1646
Phone: 303-395-0259
Fax: 303-766-0990
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