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Powers of Attorney and Helping Care for Elderly Parents

Powers of Attorney and Helping Care for Elderly Parents

Introduction: What is a Power of Attorney? (POA) Powers of attorney are documents giving someone you trust the right to make decisions for you if you become incapacitated. Incapacitated means your can’t communicate or understand. POA stands for “power of attorney.” The person making the power of attorney is the principal. The person given authority is the agent. A power of attorney agent is someone who has the legal responsibility to act on your behalf. Regarding health care; an agent…

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Colorado Blue Sky Laws

Colorado Blue Sky Laws

What are Blue Sky Laws? The Colorado Blue Sky Laws are a set of regulatory laws. They govern the sale of securities and investment in Colorado. The term comes from the phrase “blue skies,” meaning “honest and open.” The US Securities Act of 1933; one of the first blue sky laws enacted by Congress to protect investors from fraud and misrepresentation. It requires all companies issuing securities to register with the SEC before they can sell them publicly. These laws…

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Colorado Business Filing Fees Are Now $1

Colorado Business Filing Fees Are Now $1

What’s the New Colorado Law? The Colorado Business Fee Relief Act, came into effect on July 1, 2022. The law reduces fees for Colorado business filing and lowers the cost of certain business filings to $1. The new law will help small businesses by reducing fees. This will make it easier for Colorado businesses to start up their business without having to worry about the costs associated with filing fees. Supporting Colorado Small Businesses The COVID health emergency in March…

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How to Disclaim an Inheritance

How to Disclaim an Inheritance

Oh God no! I don’t want that. Sometimes, folks inherit things they don’t want. There’s various reasons why someone would want to disclaim their inheritance. For many, it’s more practical to refuse an inheritance than to accept it. Disclaiming an inheritance is when someone gives up their rights to inherit the assets under a will or through intestacy. In Colorado, it’s an easy process to disclaim an inheritance. Remember as a rule, disclaiming an inheritance is irrevocable. All refusals are…

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Piercing the Corporate Veil: Single Member LLCs

Piercing the Corporate Veil: Single Member LLCs

A question often asked is whether or not a single member LLC (SMLLC) will protect the owner from personal liability should something go wrong and the company is sued. In other words, can a Colorado plaintiff easily pierce the corporate veil and go after the personal assets of the business owner? Commonly, known as “piercing the corporate veil“. The answer of course is, it depends. Since Colorado allows LLCs to have only one member. C.R.S. 7-80-204(g) and can be for…

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