5 Strategies to Mitigate Risk: Verbal vs. Written Contracts
Many business and personal agreements may start with a handshake or verbal understanding, but if they’re not backed up by a written contract, these agreements can be risky. While Colorado law does consider certain verbal contracts legally binding, they are easily prone to misunderstandings that can make them difficult to perform or enforce. The […]
6 Most Commonly Overlooked Details in Business Contracts
Business owners have a lot on their plates, and reviewing contracts can be a tedious task that is sometimes rushed through. Unfortunately, signing a hastily-read contract can result in significant financial or legal liabilities down the road. Below are the six most frequently overlooked subtle contract details that can hurt business owners if they aren’t […]
Trusts 101: Revocable vs. Irrevocable Trusts
When people think about estate planning, they often think first of a will. However, a will doesn’t keep you out of probate and it doesn’t necessarily protect your assets. Trusts are much more versatile tools for both, and there are a number of different trusts to choose from depending on your specific situation. The most […]
What Happens to Your Business if Something Happens to You?
Business ownership is filled with day-to-day decisions and long-term planning designed to keep the company running smoothly. But one critical issue is often overlooked: who will make those decisions if the owner is suddenly unable to do so? Without a succession plan in place, things can go south quickly. Step 1: The ImmediateFacing the Reality […]
Before You Sue: Stopping a Business Dispute from Escalating
While the saying “it’s just business” or “it’s nothing personal” is meant to de-escalate a business dispute, it rarely works. Business owners are personally involved in their businesses and emotionally tied to their ventures, making it difficult not to have an emotional, knee-jerk reaction to contractual or partnership friction. And that can be a recipe […]
5 Common Business Litigation Disputes
Business litigation disputes can stem from any number of causes, but there are a few areas that litigators see more than others. The upshot is that by taking note of the most common sources of dispute, companies can proactively tighten up policies and strengthen contracts to mitigate as much litigation risk as possible. And while […]
The OBBBA and SALT Deductions – What to Know
Among the many areas affected by the passage of the One Big Beautiful Bill Act (OBBBA) in July, the State and Local Tax (SALT) deduction is one that’s been at the top of many lists. OBBBA increases the SALT deduction cap Previously, the federal SALT deduction cap was set to $10,000 for married couples […]
Identity Theft: Protecting Your Business
Businesses are just as susceptible to identity theft as private individuals. According to the Colorado Secretary of State, reports of business identity theft have been on the rise in recent months. But there are steps you can take to safeguard your business and be vigilant against any fraudulent activity. The best place to start is […]
RICO and Trade Secret Law: What Businesses Must Know
In 1970, when Congress passed the Racketeer Influenced and Corrupt Organizations Act (RICO), most Americans were familiar with the famous movie mobster Rico Bandello from the film Little Caesar, one of the first “talkies” ever made. The Act was cleverly named after the mobster and was initially used to weaken the Gambino crime family. In […]
Trade Secrets and NDAs: What to Know
Businesses risk a great deal when they share their trade secrets with employees or other individuals and entities—like franchises, business partners, or potential buyers. These trade secrets can be the lifeblood of a company. What happens if one of those individuals or entities walks away with a client list, a secret recipe, or a cutting-edge […]