Purchasing a business is an exciting undertaking that comes with the promise of growth, independence, and financial rewards. However, it’s important to note that it also comes with complex legal and financial processes. If these are not handled properly, it could lead to significant risks and setbacks. Whether you are purchasing a small mom-and-pop shop […]
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On July 8, 2024, the Financial Crimes Enforcement Network (“FinCEN”) released an interpretive update to the beneficial ownership information (“BOI”) reporting requirement applying to legal entities that have been dissolved or otherwise ceased to exist after January 1, 2024. Some view this update as expanding the reporting requirement, while others view this interpretation as a
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Mediation is a process where a neutral third party, known as the mediator, helps disputing parties to negotiate and resolve their conflicts. Key aspects of mediation include its voluntary nature, confidentiality (except where disclosure is required by law or safety concerns), and the focus on empowering parties to actively participate in finding solutions. It is
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The commercial eviction process in Colorado can be complex and challenging for both landlords and tenants. Understanding the pitfalls associated with this process is crucial for both parties to protect their rights and navigate the legal system effectively. Pitfalls of the Commercial Eviction Process One of the major pitfalls of the commercial eviction process in
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As of January 1st, 2024, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) began accepting all required Beneficial Ownership Information Reports (BOI reports). The passing of the Corporate Transparency Act SEC. 6401 is intended to “help prevent and combat money laundering, terrorist financing, corruption, tax fraud, and other illicit activities.” The Corporate Transparency Act mandates
Corporate Transparency Act Mandatory Filings Read More »
Litigation refers to the process of resolving disputes or conflicts between parties through the court system. It involves bringing a legal action before a court, which then adjudicates the matter based on applicable laws and evidence presented by both sides. Litigation typically encompasses various stages, including filing of the lawsuit, pre-trial procedures such as discovery
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Navigating the legal intricacies of probate can be a daunting task, especially during a time of grieving. In Colorado, the probate process follows specific procedures to ensure the smooth distribution of assets and resolution of estate matters. Understanding these steps can alleviate stress and uncertainty for those involved. Let’s delve into the Colorado probate process
Navigating the Colorado Probate Process Read More »
With certain exceptions, Colorado law prohibits the enforcement of covenants not to compete. The assumption is that the State of Colorado wishes to have its citizens engaged in gainful employment. Specifically, Colorado Revised Statute § 8-2-113 provides that “it shall be unlawful to use force, threats or other means of intimidation to prevent any person
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In a handful of industries, the concept of having an employee live on-site is an attractive proposition. Such industries include hotels, motels, assisted care facilities, convenience stores, or businesses that cater to or provide extended-hour operation to customers or clients. Although attractive, arranging an on-site or “live-in” employee comes with complications. In this series of
Common Pitfalls in Having “Live-In” Employees Read More »
The use of trusts in estate planning continues to be a hot topic among estate planning professionals and their clients. For example, whether or not to use a revocable living trust to avoid probate continues to be a widely discussed option in estate planning. The purpose of this article, however, is to discuss the use
Testamentary Trusts in Estate Planning Read More »
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