Legal Services for Startups & Savvy Businesses in Colorado

Founders

Limits on Limited Liability: When You Become Liable For Your Business’s Debts

Many people form LLCs or corporations to protect their personal assets. You don’t want to lose your car, your house, or your personal savings because a business venture didn’t work out. Forming an LLC or corporation gives you access to limited liability. But LLCs and corporations must be property run to maintain that limited liability. […]

Tags: , , ,

Read more

How Your Investors Affect (the Cost and Risks of) Your Capital Raise

Accredited Investors & Sophisticated Investors: How Your Investors Affect (the Cost and Risks of) Your Capital Raise

The type of investors you have drastically changes what you need to do to raise capital, the risks your company will incur, and how much it all costs. Understanding the difference will save you money and a lot of wasted energy. This effect is so drastic that—depending on the amount collected from an unsophisticated, or […]

Tags: , , ,

Read more

Employee vs Independent Contractor: The Choice is NOT Yours

Employee vs Independent Contractor: The Choice is NOT Yours

Businesses do not decide whether a person is an independent contractor or an employee. Whether a person is an employee or an independent contractor is a legal question—based upon how a person interacts with your company, performs work, gets paid, and other factors. And unfortunately, there is no clear-cut test on what determinates whether a […]

Tags: , ,

Read more

How to Not Bankrupt Your Employees with Equity Awards

How to Not Bankrupt Your Employees with Equity Awards

From startups to major corporations, equity awards can be a great way to attract and maintain a talented workforce. There are a variety of ways a company can transfer partial ownership to its employees—but not every way is equal. In fact, some equity transfers can actually end up being very costly for employees, if not […]

Tags: , , , ,

Read more

Five Ways to Handle Startup Founder Disputes

Conflicts with your business associate(s), particularly for start-ups, can be difficult. Most importantly, you want to address and resolve those conflicts before they interrupt your bottom line—building a successful company and promoting a solid venture. It cannot be said enough: Start-ups and any other business relationships should be grounded in written documentation. If you have […]

Tags: , ,

Read more

Seven Rookie Mistakes Startups Make When Raising Money

1) Working with the Wrong Kind of Investors There’s a saying in the startup world: “the first money that goes in determines how much money, if any money at all, comes in after.” Regular startup investors are an incestuous lot, and they’re usually a pretty sophisticated group, too. If you look at the resumes of superstar […]

Tags: , , , , ,

Read more

What To Do When Someone Wants to Acquire Your Company

If you’re reading this, there’s a good chance that congratulations are in order. Someone is very interested in what you’re doing. But best not to get too excited just yet. There’s a lot of work ahead before you get to your final destination. If you have a business that has been the main source of […]

Tags: , ,

Read more

Founders’ Dilemmas: Obligations to Other Employers

The vast majority of early-stage businesses operate in what I like to call “the hairy netherworld of in-between.” This is the stage where the founders have developed a fledgling concept, generated some excitement, done some early developmental work, but not all the founders have committed to the idea full time yet. This is a natural […]

Tags: ,

Read more

Top