Piercing the corporate veil is when a court reaches through a business entity and finds the owners, officers or employees liable for actions taken by the business. Business owners and officers want to know whether they are personally liable for business liabilities. The answer depends upon the facts and circumstances of each situation.
Trade secret and confidentiality agreements are typically reserved for high paying jobs or jobs in fields requiring certain expertise. However, it is not just salespeople, managers and executives that possess confidential information. Employers may want to consider having all employees execute trade secret and confidentiality agreements to protect valuable company information.
The Colorado State Patrol has published an FAQ page about Colorado gun laws.
Thinking about buying or selling a business? Colorado is full of entrepreneurs and startup companies feeding their ideas and powering the local economy. Many of these companies are up for sale along with established companies with track records of success. To successfully buy or sell a business takes a combination of intelligence, skill and on occasion, a good dose of luck.
If in business long enough just about all companies are faced with a customer or vendor who does not fulfill his end of the contract. When that occurs, it is important to understand the mitigation of damages rule.
So, you have never heard of an NFA Trust? A little history lesson may help you understand why NFA trusts exist and who creates NFA Trusts to hold Title II firearms.
At least once a year we get a frantic call from a parent with a slightly out of control minor or adult child. The question from the parent is, “Can the child get at the money in the custodial account”? The answer is usually a simple yes or no, but it underscores a more important question. How should parents make cash gifts to children? The answer is pretty easy. Use an irrevocable trust and not a 2503(c) or minors trust.
We are often asked whether a Colorado NFA Trust can be used in another state. Or, if the trust creator (Settlor) moves over the course of their life, can they keep the same trust or would they have to establish new a new NFA Trust in the new state and pay the $200 transfer fee per item? The short answer is yes, the person can usually keep their trust.
Another common question is how easy is it to change trustees of a Colorado NFA Trust.
We are often asked whether multiple people can legally possess a Title II weapon when held in a Colorado NFA Trust. The short answer is yes, by making those people trustees of the trust.