Legal Updates

You have been operating the company under one name – the name that you originally picked and put in the company’s Articles or other organizational documents.  But now it just isn’t as good of a name.  How hard is it to change and what do you have to do?  That depends…. of course!

Mergers and Acquisitions (M&A) activity for privately owned companies track the economy. In the best economic times, middle-market privately-owned companies are gobbled up for frothy multiples.

Business owners are frequently asked by a creditor to personally guarantee the obligations of the company.   For example, landlords and banks typically seek personal guarantees from owners with respect to a company’s lease or loan obligations.

Three owners of a business are struggling – maybe it is the economy, maybe it is their relationship.  Two of them have control of the company and decide to liquidate the company, but plan to continue working with the same clients without the third owner.  Is it really that easy?

Often co-owners of a business struggle with their relationship.  After all, this is rather like a marriage and it takes a lot of time and effort, a lot of respect, and some luck, to make it all work out. When it doesn’t, what can you do?

Read the article on BizJournals.

Buy a Business or Start Up - Buying and selling businesses is not for the weak or timid. Protect yourself:

Ned states, "Demand for acquiring privately-held businesses has never been higher. Recently, I wrote about this unprecedented demand in the Denver Business Journal and the opportunity it poses for small and medium-sized business owners.

Under the Affordable Health Care Act, clients that have an existing Medical Expense Reimbursement Plan (MERP) should contact their current health care insurance professional and determine whether their MERP plan is in compliance with the new regulations by the deadline of December 31, 2013.  It may need to be terminated before January 1, 2014.

Yesterday, the Colorado Court of Appeals decided that it is legal to fire an employee who tests positive for marijuana EVEN if the employee has a state-licensed Medical marijuana card and uses marijuana on personal time.

Recently, an employee of American Medical Response of Connecticut (AMR) posted critical remarks about her supervisor on her personal Facebook page, from her home computer, on her own time.  

On May 31, 2011, the Colorado Supreme Court reversed the Court of Appeals decision in the Lucht’s Concrete Pumping, Inc. v. Horner matter.