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Starting vs. Buying a Business
WHAT IS THE DIFFERENCE BETWEEN STARTING A BUSINESS, BUYING AN EXISTING BUSINESS & BUYING A FRANCHISED BUSINESS?[1] So, you know you want to run your own business. What is your best option? There are several factors to consider. The business law experts...
What to Consider Before Selling Your Business
WHAT SHOULD I THINK ABOUT BEFORE SELLING MY BUSINESS? You’ve worked your tail off. You spent the endless hours tuning and retuning your business and now have it to the point where you are ready to exercise your exit plan. You’re ready to sell it to a person worthy of...
Franchise Nomenclature
Colorado Franchise Lawyers Explain Franchise Terms Like so many niche businesses, franchising has a language all its own. To the average layman, these terms can be overwhelming and sometimes confusing. Our Colorado Franchise Attorneys make these definitions easy for...
The Good and Bad of Investing in a Franchise
THE GOOD AND BAD OF INVESTING IN A FRANCHISE Franchising is one of the most vibrant and dynamic engines in the U.S. Economy. Before purchasing a franchise, our Colorado Franchise Lawyers will help you know the facts*: Franchised businesses will add 247,000 new direct...
Things To Consider When Franchising
A Colorado Franchise Lawyer Can Help you Franchise Considering opening a franchise? Our Colorado franchise lawyer has some things to think about before making that decision. It is important to keep in mind that when owning a franchise it does not mean you work for...
Employee Vs. Independent Contractor
IS SHE AN EMPLOYEE OR INDEPENDENT CONTRACTOR? Our business lawyers in Denver often get this question. While we’re tempted to quote the now deceased Supreme Court Justice Potter Stewart: “I know it when I see it” (when referring of course to pornography[!]), that just...
How to Form an LLC
FORMATION OF A LIMITED LIABILITY COMPANY Formation of a LLC is determined by the state in which the formation is to be registered. As with corporations, the secretary of state for the state will have basic forms to use. Though corporations have a fairly consistent...
WHAT IS A LLC?
WHAT IS A LIMITED LIABILITY COMPANY? As most folks know, corporations (in all sizes and shapes) have been around for centuries. The formation of a corporation is determined by the state in which it is to be located and though there are differences from state to state,...
ADVANTAGES OF “s” AND “c” CORPORATION
ADVANTAGES OF “s” AND “c” CORPORATION In a previous blog, our Colorado business lawyer discussed how to incorporation and the distinction between an “s” and “c” corporation. Here we will look at the differences between a c and s. A subchapter “s” corporation is purely...
Comparison of a “c” Corporation and “s” Corporation in Plain English
I am a lawyer. I speak lawyerese very well; but my clients don’t want to hear it sometimes. They want plain English. So here you go: The difference between a subchapter “c” corporation and a subchapter “s” corporation is purely taxation based. That is, the federal...