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January 2020 Archives

How members in a LLC are compensated

Colorado entrepreneurs who start their own companies generally do so in the hopes of securing their financial futures. Those who create a limited liability company have two options as it relates to paying themselves. If the company is taxed as a sole proprietorship, the owner will make a draw from the company's bank account and deposit it into his or her personal account.

IP concerns for Colorado cannabis businesses

The legalization of cannabis in Colorado has opened up new frontiers for entrepreneurs developing new products, strains or marketing methods. Just like in other businesses, however, intellectual property can be a major concern. People distinguish their products and services from one another with unique taglines, logos and branding, and trademark and copyright protection can be essential to formalizing that process. However, despite statewide legalization in a number of areas, the U.S. Patent and Trademark Office, or USPTO, continues to refuse registration for marks related to the cannabis industry, particularly for goods made from the cannabis plant.

Workplace accommodations under ADA

You may have learned long ago that having a disability does not mean you are unable to live the life you want to live. However, you simply cannot carry out certain actions, and that often means finding ways to adapt.

Steps to closing a business

A business owner in Colorado may decide to close their business for a number of different reasons. Sometimes, a business isn't profitable anymore, so selling it makes good financial sense. In other cases, a business owner may simply wish to move on to other interests. Whatever the reason for closing, the owner must take appropriate steps to dissolve the business correctly.

Why those interested in selling a business should start now

Business owners in Colorado who are thinking about selling their business may want to start the process sooner than later. Economic uncertainty makes timing critical. If an owner can wait about five years, there is no problem. However, if a person wants to sell in one to three years, now would be a good time to start the process.

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