
BLOGS
Buying a Business: Maximize upside and Minimize risk - What to Know When You Buy a Business
Buying a business in Colorado or becoming the majority stakeholder of a business? If so, read this blog to learn how you can utilize a stock/interest purchase agreement, an asset purchase agreement, and/or the overall agreement of the business to maximize your purchase and minimize risk. GLO has extensive experience helping business owners and investors in purchasing a business.
Residential Rental Applications: What You Should Know as a Landlord or as a Tenant
Applying for rentals may seem like an easy process, but rental applications are subject to a number of limitations and requirements under Colorado law. Landlords and tenants should be familiar know about the laws that relate to fees, disclosures, notifications, credit checks, background checks, criminal records, rental history, and rejections.
Entering Into a Commercial Lease: What to Know when Leasing Commercial Property
Unlike residential leases, commercial leases usually include provisions for tenants to pay property taxes and insurance for the property as well as common area maintenance (“CAM”) fees. Leases which include taxes, insurance and CAM fees are called “Triple Net” or “NNN” leases and are the most common leases.
Making the Most of Your (Capital) Gains: Maximizing Your Take-Home Profit with the Capital Gains Tax
Are you a real estate investor waiting to sell your rental property? Are you a homeowner wondering if you’re getting the most out of the sale of your home or investment? This blog aims to help guide homeowners and investors through the complex world of capital gains so they can maximize their profit.
Easing Into Leasing Your Property: Drafting a Lease for Your Rental Property
A lease is an enforceable contract that should be specifically fitted to each unique situation. There are many lease templates available, but the process is binding on whoever signs the contract, so you had better cover your bases. This blog helps cover the basics in residential leases.
Establishing an Entity for Entrepreneurs: What to Consider When Starting Your Business
The entrepreneurial spirit drives individuals to transform innovative ideas into thriving ventures, and for aspiring business owners in Colorado, this journey begins with a critical decision: choosing the right legal structure. This foundational choice dictates everything from personal liability and tax obligations to capital raising and internal operations. Many entrepreneurs are unaware that a misstep at this initial stage can lead to significant financial exposure, operational inefficiencies, and even legal disputes, potentially undermining their business's very success.
A Second Set of Eyes Never Hurts: An Attorney’s Role in a Colorado Real Estate Purchase Contract
For many, purchasing a home is the largest transaction a person enters in their life. With real estate brokers, appraisers, mortgage lenders, and sellers all feeding you information during the home purchase process, you may resist adding attorneys to the mix. However, this blog explains why having an attorney quickly review your purchase contract in a Colorado home sale might save you time, money, and stress in the long run.
Dodging Double Taxation: Is an S-Corp Election Right for Your LLC?
Are you a prospective business owner in Colorado looking to limit your tax liability? The type of entity you form has enormous tax implications, so you must be familiar with your options to choose the right one for you.
Foreclosures: Navigating the Colorado Foreclosure Process as a Homeowner, Lender, or Buyer
Are you a lender or a borrower facing a foreclosure action, or are you a home buyer looking to purchase a foreclosed home? Are you unsure of how the foreclosure system works in Colorado? If that’s the case, this blog will help you to navigate the foreclosure process and explain some of the key concepts of the system in Colorado.
Buying and Selling a Mobile Home Park in Colorado: What the Revisions to Colorado’s Mobile Home Park Act Mean for You
Buying or selling a mobile home in Colorado? Are you a tenant of a Mobile Home park that is being sold or purchased? If so, read this blog to understand the revisions to the Colorado’s Mobile Home Act and how it may impact you.
A Must-See Trustee: Colorado's Unique Public Trustee System & Foreclosure Process
One of the reasons why Colorado is an ideal place to invest in real estate is the only state in the United States that uses the “public trustee” system for foreclosures. This makes foreclosures very inexpensive and thus, an ideal place for real estate lenders. But because it is unique, it’s also confusing. This blog analyses Colorado’s public trustee system and discusses your foreclosure rights as a lender, borrower, or junior lienor.
It’s Dim Witted to Not Get Limited: Why You Should Start an LLC for Your Investment Properties
Do you own multiple investment properties in the Denver/Boulder area or thinking about starting to invest in real estate? If so, you may want to consider forming an LLC to limit your liability and to protect your personal assets. Since 2016, GLO has specialized in helping people along the Front Range form LLCs to invest in Colorado real estate.
Leaf Me Alone! Colorado Tree Law on Encroaching or Boundary Trees
Do you have a neighbor’s tree growing into or over your property? Are you not sure what you can do to prevent damage to your property caused by an encroaching or boundary tree? If so, read this blog about Colorado tree law and what rights you may have to prevent damage caused by your neighbor’s tree.
Not Interested in Usury? A Crime of Biblical Proportions
Are you a lender or creditor looking to extend a line of credit for the investment of Colorado real estate in Denver, Boulder, Adams or Arapahoe County? Have you borrowed money for your Colorado small business? If so, you want to be familiar with Colorado’s usury laws that prohibit excessive interest rates. This blog analyzes Colorado’s usury law regarding nonconsumer (business) loans so you can ensure your loan complies and doesn’t have an illegal, excessive interest rate.
That’s Over the (Property) Line! Boundary Disputes Between Neighbors in Colorado
Quiet title actions are legal proceedings where a landowner seeks legal protection over their right to possess or use land. Quiet title actions are common when a landowner’s neighbor is using their land against their will and when a land survey reveals that a property line is different than the landowner and their neighbor previously thought.
1031 Exchanges: How This Rule Could Save You Thousands of Dollars Investing in Real Estate
Do you own investment property in Denver, Boulder, Adams or Arapahoe County? Do you plan on buying or selling your Colorado investment real estate? If so, you should know about 1031 like kind exchanges. Read this blog to learn how this one tax rule could save you thousands of dollars investing in Colorado real estate.
B Corps — How Companies Like Patagonia Are Disrupting the Corporate Landscape
A B Corporation is perfect for entrepreneurs or startups in the Dever/Boulder area looking to start a sustainable business and improve the corporate landscape. This blog discusses B Corps, a kind of business that balances purpose and profit and considers sustainability and its environmental impact in addition to maximizing shareholder profit.
Apply for PPP Funding Now: Small Businesses and the Paycheck Protection Program
This blog explains the process of applying for a small business loan through the Paycheck Protection Program (PPP), including eligibility and repayment requirements. Bottom line: If you’re a small business owner whose business is struggling because of the coronavirus, you should apply as soon as possible for a PPP loan.
Foreign Entities: A Scary Name for a Simple Idea
Do you own a business outside of Colorado and want do business in Colorado? Have you registered as a foreign entity or need to know how? Read this blog to find out what registering your business as a foreign entity means and how to do it.
Statute of Frauds: When Yes! and a Handshake Aren’t Enough to Seal the Deal
Do you currently own or plan on starting your own small business in Denver, Boulder, or anywhere along the Front Range? Do you need help filing your articles of incorporation or developing an operating agreement for your Colorado limited liability company? If so, read this blog to find out about more about LLCs and why it is the perfect business model for your small business.