Foundations The first thing to realize about intellectual property law is that it is mostly a fabrication. It is a bundle of legal rights regarding intangible property. Intangible property is property that derives value from what is represented rather than an intrinsic physical nature. See “property” at Dictionary.com. In addition to this, intellectual property relates […]
When preparing your will, it is crucial to have a basic understanding of many different and essential topics. One of them is the estate tax. For many people planning their estates, taxes are a significant factor in the structures and provisions they include when drafting their will and other documents. If your estate is not planned in a way that will decrease the […]
You have probably heard the old adage that nothing is certain in life except for death and taxes. Unfortunately, death also creates a tax liability on your estate. Understanding estate tax, how it is calculated, and strategies that can help you reduce your tax payments is imperative. By using these strategies, you can pass on more of your wealth to your […]
Contracts perform at least two functions: Notice and Communication: Contracts are a form of communication in which the parties state their intentions and expectations while also providing each other with notice regarding what they care about and how they are wiling to work together. Accountability: Contracts not only provide the parties with information, they also […]
No matter what kind of Colorado business you own, you have valuable information you need to protect whether you realize it or not. Frequently referred to as intellectual property (IP), this information could be anything from customer lists to the secret formula for your cleaning products or anything in between. If another person or party were to […]
Your Colorado business may not be on par with Coca-Cola, Krispy Kreme, or the New York Time’s Best Seller List, but that does not mean you do not have valuable business information to protect. Today, most businesses have the information they need to keep under wraps from client lists and overhead to proprietary software or recipes. Suppose a business owner does not take reasonable measures to protect the confidentiality of specific […]
Death of an owner is actually a little easier to plan for than the disability of an owner. Both situations raise very similar questions, for example, (1) who will do the work the owner was doing?, (2) how will the owner, or the owner’s family, survive?, and (3) who will step in to make decisions […]
With so many unknowns in the Colorado business environment, many investors are looking for assurance that company culture is prioritized and can withstand change in 2021. The challenge of board building is enormous, and most companies are unsure of where to start. A board is only as good as its members, and high-quality members are surprisingly hard to find. A study conducted by the Harvard Business Review found that 81 percent of survey […]
Our attorneys at Hackstaff, Snow, Atkinson & Griess, LLC know that Colorado corporate governance sets an organization‘s tone. It identifies the use of power and decision–making in the company. For decades, corporate governance has focused on its shareholders, regulation of its directors and executive team, accounting, tracking operational activities, and other duties. In 2010, the International Finance Corporation (“IFC“) described corporate governance as the framework and methods used to […]
Charitable trusts are beneficial not just because they allow you to make generous contributions to charity but also because they give you and your heirs a substantial tax break. With a charitable trust, you can help a cause you or your family members feel impassioned about and receive tax relief in the process. As generous or as […]
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