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Category: Business Management

Benefits of Having Attorneys Review Your Legal Documents

Benefits of Having Attorneys Review Your Legal Documents

Running a small business involves navigating a complex legal landscape. As a small business owner, you may come across various legal documents and agreements that require your attention. While it might be tempting to handle these documents yourself to save costs, it’s important to recognize the immense value an attorney can bring to the table. Below are some of the benefits of having an attorney review your legal documents. Expertise and Legal Documents Knowledge Attorneys possess a wealth of legal…

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Verbal Contracts and Jestful Agreements: Lessons from the Pied Piper of Hamelin

Verbal Contracts and Jestful Agreements: Lessons from the Pied Piper of Hamelin

In our everyday lives, contracts play a crucial role in ensuring smooth interactions and transactions. Written agreements provide a solid foundation for resolving disputes and upholding the rights and obligations of all parties involved. There are certain types of contracts however, that pose significant challenges and potential pitfalls. Below are some problems associated with verbal agreements and contracts made in jest, drawing inspiration from the timeless tale of the Pied Piper of Hamelin. The Pied Piper of Hamelin The story…

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Colorado FAMLI Program

Colorado FAMLI Program

FAMLI Program Rollout Attention small business owners in Colorado: the new Family and Medical Leave Insurance (FAMLI) program began on January 1, 2023. First payments are due by April 30th, 2023. FAMLI is a state-run program providing wage replacement benefits to employees who need to take time off work to care for their family. Benefits can be used for taking care of a new child, or looking after a family member who has a serious illness. Colorado FAMLI Program: How…

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Colorado Independent Contractor Agreements

Colorado Independent Contractor Agreements

In Colorado, determining whether a worker is an employee or an independent contractor is important for a variety of reasons. These include the obligations of employers to provide workers’ compensation insurance, unemployment insurance, as well as other benefits. Moreover, under Colorado law, an individual is presumed to be in covered employment unless it is shown: Shifting Burden of Proof Typically, the if a worker performs services for a company, the presumption is they are an employee. The burden of proof…

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Starting an LLC in Colorado

Starting an LLC in Colorado

Starting an LLC: An LLC is a legal business entity that has the benefits of both a corporation and a partnership. It has the pass-through taxation of a partnership, but provides personal liability protection like a corporation. The Limited Liability Company (LLC) is the most flexible types of entities for business owners in Colorado. A Colorado LLC provides you with personal liability protection and keeps your profits “passed through” to your individual tax return, which means you can take any…

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