Our office remains open to serve your important legal needs during these turbulent and challenging times. We are happy to schedule client consultations and client meetings by telephone or video-conference at your request.
Bryan E. Kuhn
Counselor at Law, P.C.
Business & Employment Law Attorney

Mistakes small business owners make late in their careers

It is natural for Colorado residents to attempt to maximize returns during strong markets and protect against losses in weak markets. However, many small business owners don’t take this approach when it comes to their companies. While they may work hard to grow their companies, they might not seek help and guidance to maximizing values.

Small companies tend to be dependent on the skills of the owner to run properly. They may also lack a diverse client base, which could make it harder to sell the company. Overall, as many as 80 percent of companies that are put on the market won’t sell. Those who are familiar with mergers and acquisitions say that owners tend to overestimate the value of their companies, which can be a stumbling block to making a sale.

Overall, 78 percent of companies have no formal transition team while 49 percent have done no transition planning at all. This could be problematic as only 30 percent of all family-owned companies will survive into the second generation. Therefore, it may not be wise to assume that a child or another family member will simply take over the business when the current owner is ready to stop working.

In many cases, business transactions may be easier with professional guidance. Doing so may help the company sell in a timely manner and for a reasonable price. An attorney may be able to help a small business owner prepare documents or otherwise provide guidance when it may be time to sell the company. Legal counsel may also be helpful if there any disputes that arise regarding the terms of the deal or after the deal has been completed.

“I used the Bryan E. Kuhn, Counselor at Law, P.C. team to help me with a case. They were always professional, upfront, and positive providing guidance while keeping me informed.”
– L.H.

“Everyone at the firm was professional, responsive and courteous. I would definitely recommend this firm if you are in need of superior legal assistance.”
– J.S.

“Bryan and his law firm operate with great professionalism and personal touch. I appreciated the way he and his team offered transparent communication.”
– N.S.

“The team was very professional in helping me to get through an uncomfortable ADA situation at my workplace. This was a very good legal experience. I would recommend Bryan E. Kuhn & team to anyone who needs work related legal help.”
– D.L.

“Bryan, Katie, and all the staff in this office are super fast to respond, expert in their fields, and always helpful. We have been extremely pleased with their services for our small business.”
– T.Z.

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Bryan E. Kuhn, Counselor at Law, P.C.
1660 Lincoln Street Suite 2330
Denver, CO 80264

Local: 303-424-4286
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