CHARITABLE SALES PROMOTIONS – WHAT THEY ARE AND BEST PRACTICES
As the demand for charitable services increases, and with the surge of donations seen in 2020 and 2021, charities need to get creative with the ways they fundraise. Fundraising is a crucial part of charities' ability to function. One potentially successful way to increase funding is through charitable sales promotions. This is...
BEST PRACTICES WHEN PREPARING UCC FILINGS
The Uniform Commercial Code (UCC) is a set of laws governing commercial transactions, like the sale of goods. In addition to commercial transactions, the UCC covers secured transactions, also called security interests, in which lenders hold the right to seize a borrower's collateral should the borrower default on a loan....
PARTNERSHIP AGREEMENTS: WHAT YOU NEED TO KNOW
Business partners should always enter a partnership or similar operating agreement when entering a business partnership. This type of agreement allows each partner to understand its role, responsibilities, and protections to ensure a successful partnership.
This article describes what a partnership agreement is, who needs one, and tips for...
HOW TO SELL A SMALL BUSINESS IN COLORADO
If you are considering selling your small business in Colorado, there are many steps to consider to market your business most effectively. From valuing your business to finding a buyer, small businesses interested in selling should do their research and prepare.
This article will help you think about the...
PROS AND CONS OF MEDIATION VS. ARBITRATION VS. LITIGATION
Disputes arise for many reasons and in many areas of life; unfortunately, they are becoming increasingly common for businesses. When people enter into a contract, there are alternative ways to resolve these disputes other than going to court. These non-court options fall under the umbrella of Alternative Dispute Resolution and can encompass multiple activities.
CANNABIS CONTRACT BASICS
As the cannabis industry continues to grow in the United States and globally, those in the industry must have strong contracts prepared. Whether a cultivator, manufacturer, or dispensary owner, cannabis businesses must operate with adequate legal protection.
Our experienced cannabis lawyers can help you understand 1) what kinds of contracts...
IP ALLOCATION AND ASSIGNMENT IN TRANSACTIONS
Intellectual property assets and portfolios can be a driving force in merger and acquisition transactions. These assets hold fundamental value in a company and can add significant value in a transaction. A company that is looking to merge with another company, acquire another company, or is being acquired, often assesses the targeted...
STRUCTURING M&A DEALS AROUND TAX IMPLICATIONS
Mergers and acquisitions refer to the process where two companies join to become a single company or one company acquires the equity or assets of another company. Companies with capital availability often consider M&A a growth strategy.
However, certain mergers and acquisitions can result in significant federal and state...
RECOURSE DEBT VS. NON-RECOURSE DEBT
When taking out loans, there are two types of debts: recourse and non-recourse. Recourse debt holds the borrower personally liable, and all other debt is considered non-recourse. It seems simple enough, but the average borrower might not have heard of the two different types, let alone which type of debt they may...
THE ART OF THE LEVERAGED BUYOUT
A leveraged buyout (LBO) is when one company buys another company using mostly borrowed money. The buyer puts up the company being bought as collateral for the loan, and the purchased company assumes the debt on the loan. If the newly acquired company cannot pay back the debt, the lender can then...