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,…
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…
Over the past year, Colorado establishments with liquor licenses have been allowed to sell alcohol to customers on a to-go or delivery basis. That policy change, which was made in many other states as well, was intended to help struggling bars and restaurants remain open during difficult times. Although it is scheduled to expire on July 1, it looks like it will be codified into law – at least for the next five years in most cases. A bill that…
Many cities struggle with the issue of homelessness. Denver is no exception. In an effort to move individuals camping on public real estate to shelters, the Colorado town passed a bylaw banning camping on public property. The law, which has been called into question for its constitutionality, has recently been ruled as constitutional by a Denver District Court judge. This law has been enforced steadily since being passed, with the exception of a brief period when a county-court judge ruled it unconstitutional….
Forming a business is a big step. For many people, going it alone is too scary of a concept and, therefore, may prompt them to bring in a partner. While going into business with your best friend, peer or significant other may sound like a wonderful idea, the truth is you may not be able to count on that relationship if, and when, times get tough. Risks of Informal Business Partnerships Partnerships are the most common and most simple type…
