If you are starting a business or have legal needs for an existing business, we can help. Front Range Legal Services offers a wide variety of legal services for small and medium-sized businesses at a reasonable cost. Our attorneys have experience in all aspects of business law.
Whether you are forming a new business entity, needing drafting services or review of a proposed contract, or even inquiring into the risk of a foreign investment, our attorneys have the experience to comfortably guide you through each step of the process. Let us do the paperwork for you and make sure your personal and business assets are protected from liability. Below, you will find a brief description of the some of the services that we offer to existing businesses and start-ups.
- Formation of legal entities such as LLCs, LLPs, and corporations;
- Franchisor/franchisee agreements and risk assessment;
- Business licenses granted by the state of Colorado;
- Commercial real estate purchases and lease reviews;
- Construction and vendor contracts;
- Uniform Commercial Code disputes; and
- Risk assessment of investment opportunities
Starting a Business? We can assists you in all of the steps involved in creating your business or startup. Most business owners will wish to form some type of organization which allows them to protect their personal assets from the liabilities of the business. There are many different choices to select from including a limited liability partnership (LLP), a corporation (a C-corp or an S-corp) or a limited liability company (LLC). Each of these different types of organizations carry their own unique advantages and disadvantages, thus making this choice an important early decision for your business. Based on your goals and needs, our team can help you best decide the fit for you to build your business now and into the future.
We will work with you to determine the best type of organization for you and take all necessary steps to form the business. Many pre-packaged options available today do not have the level of customization which most business owners will eventually find that they needed. Our firm will ensure that the requirements of entity formation have been met fully and will work with you to complete your bylaws, policies, operating agreements and permitting for the business. Once your business is up and running, we offer services which can continue to benefit your business.
Do you have an existing business?
Our lawyers are standing ready to meet the legal needs of your existing business. We can help you continue to take steps which will help maintain the liability “shield” that your business organization provides. We can help you to maintain your corporate formalities and fulfill your reporting requirements to various regulatory agencies. Additionally, we will be ready to handle many of the tax matters you will face, both for your individual taxes and the taxes on your business.
As your business grows and changes, so do your legal needs. We stand ready to assist you in many different sorts of transactions. We can help you to add additional owners, buy out existing owners, sell your business, acquire another business and many other transactions which affect the structure of the business. We can also evaluate and help in drafting your sales/lease/license contracts that you have with customers or vendors. We understand the needs of Colorado’s small and medium sized businesses not only because of our legal expertise, but also because that’s what we are!
Does forming a corporation, LLC or other entity protect me from liability for my actions? Often, people believe that simply forming a corporate entity entitles them to protection from the actions that the perform under the business. While this is largely true, it is important to have a good understanding of what acts are not protected and how to maintain your protection for acts that are protected.
Examples of acts by the owner of a business for which they could be personally liable are intentional wrongdoing such as fraud, intentional torts such as assault. Negligence in performing duties is generally protected by your corporate status, in other words, a customer cannot generally sue you personally for negligence committed in performing duties of the business.
In some cases, if corporate formalities are not followed or the company is not appropriately capitalized or insured, a plaintiff can ‘pierce the corporate veil’ and proceed against the owners of the business. It is important to understand what activities might expose your business to the risk and how to best guard against it.
If your business has legal needs, please do not hesitate to contact us!