Why even friends need a partnership agreement

Why even friends need a partnership agreement

Having a partner can make starting a business a little less intimidating. You have someone to share all of that hard work and financial investment. If the company succeeds, having a partner might mean that you can expand twice as quickly. When you know the person you want to go into business with, you may feel even more comfortable with taking what could be a risky step. You may trust that you know the other person and how they behave,…

Cryptocurrency ownership complicates divorces

Many individuals and couples in the Denver Metro area have diversified their investment portfolios to include cryptocurrencies. The digital currency market is quite speculative and extremely volatile – especially in these uncertain times. If you are divorcing your spouse and either of you invested in cryptocurrency, these digital currency purchases can make the asset division process more complex and arduous. Below are some considerations when dealing with cryptocurrency investments in your divorce. Find the crypto can be an issue If…

3 reasons business valuation during divorce is different in 2022

Those who have business interests need to take special care during divorce. In addition to taking steps to better ensure operations continue with minimal impact from the divorce, they must also work to ensure they retain ownership after the divorce. This is possible. The business owner can retain ownership by giving up another asset of similar value. But what is the value of the business? This question has arguably never been harder to answer than it is right now. Businesses…

3 forms of liability that entrepreneurs must protect against

Everyone knows that starting a new business comes with risk. The company could fail despite your best effort. Workers or even customers could bring a civil lawsuit against the business, which can be expensive even if the lawsuit isn’t successful. Identifying some of these risks in the early stages of business development can help you plan to avoid them and purchase insurance to protect against the most common risks for your business model. Product liability or service liability Do you…

Drunk-driving death brings charges after driver flees scene

Earlier this month, a motorist was killed in a collision that occurred near Brighton Blvd. on Interstate 70. A 57-year-old semitruck driver died at the scene of the inferno that ensued after a pickup truck driver merged into the path of an eastbound 18-wheeler. The accident occurred shortly before midnight on Saturday, March 5. As reported by local NBC affiliate KUSA-TV, after the initial impact, one vehicle then slammed into the Jersey barrier. The suspect driver fled the scene Officials…