Limited liability companies have many appealing qualities. Not least among them is flexibility regarding how governance, economic returns, allocations of profits and losses, and distributions can be structured. Subject to certain well-established rules,...
When hiring employees, it is important for employers to know what type of relationship they are getting into. And to do that, it is important to understand the difference between an at-will and contract employee. At-Will vs. Contract Employment Colorado is...
Colorado’s Uniform Fraudulent Transfer Act, C.R.S. § 38-8-101, et seq. can be a trap for the unwary and a potent tool for creditors. Here are a few things you should know about the statute. CUFTA in a Nutshell The goal of CUFTA is to prevent debtors from...
Generally, a duly formed limited liability company is treated as a separate legal entity, unique from its officers, directors, and members. Like every rule, however, there is an exception. And this exception may permit creditors to pierce the protective veil of...
A Potent Tool for Banks, Financial Institutions, and Debtors For institutional lenders, dealing with debtors who are attempting to avoid their financial obligations can be time consuming and expensive. Common theories asserted by debtors challenging financial...
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