Colorado Springs Business Lawyers
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Legal Services Offered by Our On-Demand Colorado Springs Business Attorneys
Our experienced Colorado Springs business attorneys & lawyers handle both transactional matters and litigation involving business and commercial disputes. The business attorneys found on UpCounsel offer a broad range of practice areas relevant to small businesses and their owners, including Business formation, Commercial transactions, Employment law, securities, litigation, contracts, taxes, intellectual property protection & litigation, and much more.
If you are looking for a top rated Colorado Springs business attorney that charges reasonable rates for quality work, you have come to the right place. The average business attorney in Colorado Springs for hire on UpCounsel has over 10 years of legal experience in a variety of business law related areas to best help you with your unique business legal matters.
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- 14 min read
What Is Recapitalization?
Recapitalization (recap) takes place when a company undergoes a restructuring of its financials. When this occurs, debt and equity are re-assessed and re-allotted. The goal, usually, is to improve the company's overall stability or status. It generally occurs with the exchange of one type of financing for another. For example, shares may be exchanged for bonds, and so on.
Recapitalization is the way to organize a corporation's capital structure, including stock ownership and the rights and liabilities connected to each class or genre of stock. For shareholders of a business held together, this type of recapitalization is a nuanced, progressive strategy. In this sense, when undergoing recapitalization, a business is literally reorganizing — rights are being reorganized as they relate to stocks.
Why Consider Recapitalization?
Some reasons for recapitalization include the following:
- 7 min read
What is a Right of First Refusal?
A right of first refusal, also called an ROFR, a first right of refusal, or a last look provision, gives a person or company the opportunity to start a business transaction before anyone else can. It could provide the first chance to buy stocks or real estate at the same price and terms as another offer. If the holder of the right of first refusal declines, the owner of the asset can sell it to whomever they want.
There's even an ROFR in many child custody agreements. It requires that one parent offer the other parent the chance to watch the kids before using a family member or outside child care.
A Right of First Offer: What is it?
A right of first offer or ROFO requires owners to tell the holder first when they plan to sell an asset. Then the holder of the ROFO has the right to make the first offer on the business, stocks, or property. The seller can accept or reject the offer, speak to other buyers,
- 2 min read
Learn More about HIPAA Compliance for Businesses
Along with protecting workers from the exclusion of preexisting conditions, HIPAA also protects patients’ paper and electronically stored medical information through the Security Rule and Privacy Rule, which were implemented by the U.S. Department of Health and Human Services.
In order to be in compliance with HIPAA, each covered entity must ensure they are abiding by the Security Rule and Privacy Rule standards.
Security Rule - Safeguards and Compliance
The Security Rule, a HIPAA provision, was included to ensure the confidentiality, integrity, and availability of electronic patient health information (EPHI). There are three types of security safeguards necessary for compliance with the Security Rule: Administrative, Technical, and Physical. For each of these three types, there are security standards set fort
- 2 min read
Many are unaware about the different types of bankruptcy they could be filing for. We’ve heard about the different chapters but don’t know which exactly would fit our needs best. The chapter just refers to the chapter the specific type of bankruptcy is located in Title 13 of the United States Bankruptcy Code.
Chapter 13 bankruptcy is sometimes referred to as “reorganization” bankruptcy for individuals.
How is Chapter 13 different than Chapter 7?
Chapter 13 is different from Chapter 7 bankruptcy
- 5 min read
Royalty Financing: What Is It?
Royalty financing is a type of investment where the business gets money based on future revenue. It's similar to an advance on a paycheck. The investors get their money back through royalties that are a percentage of the company's revenue.
The repayment terms and the total amount repaid are negotiated at the start of the loan. The company's income and revenue determine how long it takes to repay the loan, which in turn affects the final repayment amount. However, a cap will be placed on the repayment amount during the initial negotiations.
Royalty financing is usually used for companies with large revenue streams. Less profitable companies wouldn't be able to repay the loan plus pay their business expenses.