Many small businesses start small. Like, really small. Like, single member LLC small. A single member LLC is a good way to protect yourself from liability as you begin your journey in business. But what happens when you grow enough to warrant another member? How do you properly add another member to a single member LLC?

Let's examine the unfortunate situation a client recently experienced because they tried to save a few dollars.

Nominating Guardians For Minor Children in Colorado

Last week, we covered how it works when you create a trust through your will. This week, I'll show you how a trust created during your lifetime (called a revocable living trust) functions differently, what your family experiences when you've set up a living trust, and how to decide which approach truly fits your situation.

A trust created in your will works very differently from a living trust you create today, and the difference will have a major impact on your loved ones when you die.

Legal Topics for Event Industry Professionals and Small Business Owners

Last month we discussed the process by which Colorado real estate is transferred when a Colorado resident dies. This month we will explore how Colorado real estate is transferred at death if the decedent was not a Colorado resident. Colorado is a popular state for second home ownership. People living in other states often enjoy having a second house somewhere in the Colorado mountains. Owning property in two states can often complicate the probate process when the owner dies.

When a Colorado resident dies owning real estate in this state, that property must be transferred to either the decedent’s beneficiaries...

Revocable living trusts are a popular estate planning tool for married couples. They are useful for avoiding probate, planning for...

When two or more people buy real estate together in Colorado, they must decide how they want to own the property together. The two most...

(Nominating Guardians For Minor Children in Colorado) If you have minor children, the most important decision you make when you plan your...