Law Articles

Bendelow and Wolfson, Colorado A closely held company is one which is owned by a relatively limited number of people; often entirely by one family. Determining the value of these small companies can be necessary under a variety of circumstances, such as tax and estate planning, raising new capital through private placements, negotiating share-holder or […]

General Counsel – Your Partner in Ensuring the Legal health of Your Business! To understand why a general counsel is important to your business, let’s first define exactly what a general counsel is. Think of a general counsel as the family physician for your business. A general counsel is a lawyer who will handle all […]

What is a business entity? To put it in simple terms, a business entity refers to how your business will be structured or formed. The entity that is chosen for a new business will greatly determine everything that is involved with business ownership, including tax filings, risk exposure, and financial and legal effects. Electing a […]

Corporate law, also known as corporation or company law, has a close relation to contract and commercial law. It focuses on the formation, or structure of a company, along with the operations of that company. Each state has laws in place to regulate the creation of corporations, as well as their organization and dissolution. These […]

Copyright Law is designed to protect those who use their creativity, ideas, or intellect to produce various forms of work which can include poems, music, literature, architecture, art, film, photography, or computer apps or programs, to name a few. Such law prohibits others from taking or using your work without consent and profiting from it. […]

When two parties enter into a contract, they are legally bound to uphold the obligations or promises expressed in that contract. If either party fails to perform or adhere to the promises set forth, this is known as a breach of contract. A Breach of Contract attorney is usually the best option when it comes […]

At one point or another, most of us have entered into some type of agreement with another party. If you have leased or purchased property, started a business partnership, or agreed on the price of home repairs or improvements, then chances are you have signed a contract to solidify the agreement made. These agreements, whether […]

Business law is an area of law that pertains to every aspect of business start-up and ownership. Business creation requires an understanding of the formation, or entity, of the company and the correct filing of the necessary documents with state and local agencies to establish the new business. Once the business is established, the functions […]

When two folks decide to do business together, they commonly agree that they are 50-50 partners, whether a partnership; a corporation or an LLC. That means they both must agree on decisions. That arrangement is fine so long as they agree on everything. It is a recipe for disaster if they don’t. A 50-50 partnership […]

Starting a new business is actually quite simple: get an employer identification number (EIN) from the Internal Revenue Service. In some industries you also need to get a business license, for example for sales tax purposes. Some businesses have further licensure obligation(s), with some licensure state required (realtor) and some locally required (Contractor). You don’t […]