Steps to protect yourself from liability as a business owner

Steps to protect yourself from liability as a business owner

Running a business is a great way to maintain control over your schedule and pursue your passion that can also allow you to support yourself and your family. Unfortunately, with all of the positive aspects of business ownership come risks that the general public never has to consider. For example, when someone comes to visit your business, you could incur liability if they end up slipping and falling in the parking lot or as they enter the building. If you…

Why should you buy an existing business?

When you decide that it’s time to run your own business, you have two options. The one most people think of first is simply starting your own business. You can build it from the ground up, crafting it into whatever you would like it to be. This can be an exciting — if daunting — task. The problem with starting your own company is that it takes a lot of investment — in both time and money — to make…

Strategic pursuit of family partnerships may reduce conflict

Business relationships can have a complicated dynamic at times depending on the personalities of the people that own and manage the company, differences in opinion and even differences in religious beliefs or educational backgrounds. For people in Colorado who are in a business endeavor with another family member, that interesting dynamic can be significantly more fragile as the pressure to keep family and business affairs separate becomes crucial.  Experts suggest many interesting reasons why the dynamic of a family partnership has…

What licenses you need to open a restaurant

There are numerous people in Colorado who think it would be fun to open up a restaurant or bar. However, it takes a lot of work and planning to set up the establishment correctly. Failure to obtain the proper permits and licenses may prevent a restaurant’s opening and/or result in fines and other penalties. According to The Chron, obtaining a business license is often the first order of business for those who want to open a dining establishment. This may include…

Mediation may help resolve HOA disputes

Homeowners Associations are common in many areas of Colorado, and they often provide unique benefits to homeowners and communities. However, HOAs may also be frequent causes of strife, especially when homeowners feel certain rules or restrictions infringe upon their rights. While many disputes between property owners and HOA organizations end up in court, mediation may be a more efficient and satisfactory way to resolve issues. The Denver Post explains that the relationship between HOA rules, state laws and property rights…