A Statement of Authority vests an individual with unambiguous authority to hold and convey real property on behalf of an entity. Under Colorado law, an entity includes any corporation, government or governmental subdivision or agency, business trust, estate, trust, limited liability company, partnership, association, or other legal entity. Entities are allowed to hold and convey real property in the entity name in Colorado which is helpful for business versatility and estate planning.
Read MoreAre you a buyer or seller in Colorado who’s executed a Contract to Buy or Sell Real Estate? It’s an exciting time for either party and the sale may feel like a done deal at signing, but unfortunately issues can arise between signing the Contract and closing. This Blog discusses Section 18.1 of the Contract, which outlines specific steps that must be taken by both buyer and seller in the event of damage to the property and a consequent insurance claim.
Read MoreThis is what you need to know about all kinds of business insurance, including general liability, professional liability, business owner’s policies (“BOP”), property insurance, workers’ compensation, commercial auto insurance, and errors and omissions (“E&O”).
Read MoreBuying 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.
Read MoreApplying 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.
Read MoreUnlike 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.
Read MoreStarting a business in Colorado? If you’re starting a new business, it is important to know the ins and outs before setting out on your own. Starting a business can have many different implications depending on what kind of business entity it is, how many employees it will have, and what the business does. GLO has extensive experience helping individuals interested in starting new businesses.
Read MoreNon-disclosure agreements (NDAs) can be a powerful tool used to protect a company’s secret and proprietary information that gives it a competitive edge. This blog guides you through NDAs, and related concepts like liquidated damages and trade secrets, so you know how likely a court would be to enforce your NDA.
Read MoreAre you a Colorado business owner looking to sell your company? Are you an investor looking to buy businesses around the Front Range? If so, this blog will show how you can utilize a stock/interest purchase agreement in your sale or purchase, and effectively negotiate the terms of your agreement. GLO has extensive experience helping business owners and purchasers with stock and/or interest purchase agreements.
Read MoreTired of the city telling you how to use your own land? Zoning Violations? Can’t sure what rights you have to develop your land? This blog will introduce and discuss some of the legal issues regarding those pesky Colorado land use and zoning ordinances so you can start using your property your way.
Read MoreAre 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.
Read MoreA 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.
Read MoreAre you looking to buy a property that has an existing easement on it? Do you want to establish an easement with your neighbor? Do you want to terminate an existing easement? This blog provides an overview of easements in Colorado.
Read MorePotential releases or threatened releases of hazardous substances can subject a landowner to significant environmental liability, so it is crucial to identify potential hazards before investing in commercial real estate. Under the Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”), there is broad discretion as to who can be a responsible party of environmental hazards. Fortunately for real estate investors, the Environmental Protection Agency has identified steps that can be taken to minimize environmental liability.
Read MoreThe 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.
Read MoreA vested property right guarantees a developer’s right to follow through with their plan even if future zoning rules would prohibit that type of development. The ability to obtain vested property rights is a matter of public policy. Vested property rights provide stability and follow-through to developers while stimulating economic growth and encouraging the public and private sectors to cooperate in land use planning.
Read MoreAre you worried about being held personally liable for what employees do within your business? This blog discusses the Colorado standard of liability for business owners, and what to do if you find yourself in a sticky situation in the corporate realm.
Read MoreIf you are looking to sell or purchase real estate with a septic system in the state of Colorado, it is important for you to know the local transfer of title requirements, so you don’t get stuck in a sh--, well let’s just say, less than ideal situation. Many Colorado counties have enacted specific regulations regarding septic system requirements for permitting, including certification before a home can be sold, making understanding title transfer even more complicated.
Read MoreFor 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.
Read MoreFor business owners considering selling or acquiring a company, the path to unlocking future growth is often paved with complex legal and financial decisions. Choosing an Asset Purchase Agreement (APA) might seem like a straightforward way to maintain control, but beneath the surface lies a minefield of potential issues. Without expert guidance, you risk inheriting unforeseen liabilities, disputes over asset valuation, and even challenges to the deal's enforceability. These pitfalls can derail your strategic objectives, leading to significant financial losses and protracted legal battles that drain your resources and jeopardize your company's future.
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