Questions About Business Law?
Local Denver Business Law Attorneys Have the Answers
Anyone who has owned a business knows that there are many moving parts that must be given a great deal of attention. You have employees to take care of, a workplace to maintain and equipment that must be kept up. On top of that, you have to ensure that administrative matters — such as payroll taxes — are taken care of. Put in the simplest terms: You have a lot going on. The good news is that you do not have to manage everything all on your own. A good business owner will hire a staff to support him or her with all the day-to-day runnings of the establishment. Smart Colorado business owners will additionally hire the support of local Denver business law attorneys when they are considering making a significant business decision.
Thinking about starting a business, creating a business plan or thinking about leaving your business and want to create a succession plan? Maybe you just need help with filing your quarterly or annual taxes? Whatever the reason, the business lawyers at our Colorado law firm have over 40 years of experience helping businesses with their legal and tax problems big and small. We can help draft business plans and contracts as well as prepare and file all the necessary tax paperwork for your business.
What Does a Business Law Attorney do?
You have likely spent a significant portion of time and money starting your business. Why not take the steps to protect it? While it may seem unnecessary now, preventing a problem before it happens will save you a lot more time and money in the long term. If you are a business owner in Colorado, then it is in your best interest to hire one of the many knowledgeable Denver business law attorneys to protect you and your business in the following instances and more:
- Lawsuits. There are many reasons a business can get sued. Whether it is a disgruntled former employee suing for unlawful termination, a personal injury or premises liability claim (if someone was hurt on your property, for example) or tax fraud accusations, you will benefit most from having an experienced business lawyer by your side. Remember, litigation lawyers are not necessarily business lawyers. There are times when you need both. Better yet, with a knowledgeable business lawyer at your side, you may never need a litigation lawyer.
- Operational Planning. Denver business law attorneys can assist with the establishment and continuation of effective day-to-day business practices, long-term plans and general organizational structure. Our business lawyers are also available to advise and assist with the everyday aspects of your business, such as the set-up of regular meetings and time management.
- Choice of Jurisdiction. Differing state or national laws may favor the selection of one jurisdiction over another, depending on the nature and ownership of the business and location of business operations. For example, a Colorado-based company may find advantages in setting up its corporate entity for tax purposes in another state. For this reason, it is advisable to hire a business lawyer who can assist you with the selection of jurisdiction for your business formation. In other words, he or she can help you determine the best place to set up your business.
What Are Common Branches of Business Law?
The world of business law is wide and covers many aspects of running a business. It can be overwhelming to think about business law issues on top of all the other day-to-day operations that you have to manage. However, most of the following are preventative measures and can be resolved in one simple trip to our legal office. For any other extensive legal issues that may come up in your business, our Denver business law attorneys are at your service.
Common branches of business law include:
- Business Succession Planning. While it is a relatively simple affair when an employee leaves a company, it can become rather complicated when an owner or partner leaves. However, it can be made simple if you have a clear-cut business succession plan in place. Planning in advance for the possibility of an owner being added or removed is always more cost effective than delaying. Think about it, if you cannot agree on the terms of a separation when you start the relationship, how easy will it be when a separation is imminent? Our firm can assist in creating an appropriate exit strategy for principal members of a business. At one point, it is in every business owner’s best interest to take the time to draft a retirement strategy that will effectively pass on the operations to a successor. Any failure to do so could result in the business falling into the wrong hands, especially if more than one person shares ownership of the company.
- Business Tax Planning. This branch of business law has to do with the creation of a clear plan of operations, contract labor, employment requirements and other relevant matters that could affect the business’ after-tax income. As licensed tax attorneys, we stay up to date with changing tax laws that can affect your business, applicable deductions and how much you have to pay in taxes. We take it a step further by also being available to prepare and file business tax returns on our client’s behalf.
- Contractual Law. It is a contract which propels a business decision forward. Whether that contract is to hire a new employee, retain a contractor or entering into a business deal with another business, a business owner needs to ensure that his or her company is protected by having a clear and concise contract. An experienced business attorney can help you draft solid business contracts that leave little room for differing interpretations and protect your business dealings.
Have More Questions About Business Law? Call Our Office Today
Whether you are a start-up, family business, privately held or public company, our experienced Denver business law attorneys are dedicated to helping clients move forward with confidence. Any of them has the ability to protect your business interests now as well as in the future. Our business law firm is capable of tax filing on behalf of many of our clients and has experience with helping individuals, trusts and corporate entities with all of their business needs.
We have attorneys in Denver and Breckenridge who can help with all of the above areas and more. Contact us today to schedule a consultation. One of our Denver business law attorneys will listen to your needs and explain how they can help your business achieve its goals.