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Avoid Personal Liability as an LLC Owner

October 19, 2015 PMiller

A Limited Liability Company (LLC) is a legal business entity that not only provides favorable tax consequences for some individuals; it also protects owners or members from personal liability. The legal term for this protection is the “corporate veil”. This corporate veil creates investment incentives. An investor is more likely to spend time and money based on the assurances that she will not be held personally liable to the business’ creditors. However, many times a plaintiff suing an LLC or…

Colorado Medical Power of Attorney

October 6, 2015 PMiller

A Colorado medical power of attorney is a legal document that gives an individual, the power to make healthcare decisions on your behalf. This document along with, the financial power of attorney are two important instruments every estate plan should include. Similar to the financial power of attorney, a healthcare power of attorney creates a principal and agency relationship. You are the principal, and the person you designate is your health care agent. Plan For Incapacity First Most people when…

Colorado Financial Power of Attorney

September 20, 2015 PMiller

A Colorado financial power of attorney gives a person the ability to manage someone else’s finances if they become incapacitated. Incapacitation is when a person is unable to communicate or understand. Not to be confused with a medical power of attorney, this document concerns an individual’s finances. How It Works The maker of the document is the principal. The principal designates an agent to manager her finances, in case she becomes incapacitated. If the principal becomes incapacitated the agent will…

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