Legal Updates

If your business is not worth enough today, should you grow through acquisition?

The New Year is upon us, here at MB Law, we would like to provide you with information to bring awareness of some of the regulatory changes that 2020 brings to Denver and Colorado.

Do you still need an Exit Plan even if you are not ready to leave your business?

If your business is not worth enough today, should you grow through acquisition?

MB Law is very proud that our very own Nathan Lawrence recently worked with Steve Greig, who earlier this year released his first children’s book called: “The One and Only Wolfgang: From pet rescue to one big happy family,” which illustrates the importance of family. 

Thank you to everyone who made BOSS | Business Owners Strategic Symposium a huge success.

BOSS | Business Owners Strategic Symposium is the can’t-miss symposium for business owners whose companies are in the Growth, Expansion or Maturity phase of the business life cycle.  Learn how to optimize your business’s potential in each stage and maximize its value for your ultimate exit strategy.

Equal pay is the law in Colorado.  Governor Polis signed a bill that made Colorado the tenth state in the country to pass an equal pay law. Colorado’s law goes into effect on January 1, 2021 and is more demanding than federal law.

Selling your business to a few of your employees is one of the options that allow you the business owner to exit your business.  Depending on how many employees you want to sell your business to, you must ask yourself is every one of those few employees a key employee?  Do those employees get along with either other?

When planning to give stock to an employee, remember that an employee that owns stock has the right to vote those shares. He/she can request and receive financial information about the company and can question your business decisions.

A team of advisors is needed to help you the business owner make the right decisions, grow your business, and achieve the goals you have.  By having a team of advisors in your corner, allows you to speak to any of your advisors about problems that you may have or that may arise to ensure you are heading in the right direction to fulfill your unique goal(s). 

Many closely held businesses are considering adding additional owners.  Perhaps the owner has heard about how key employees can help drive the value of the business up and want to use ownership to provide more of an incentive to those key employees.