Top 5% of Startup Lawyers in Colorado Springs, Colorado | UpCounsel

Colorado Springs Startup Attorneys & Lawyers

Richard Harris Startup Lawyer for Colorado Springs, CO

3 reviews

Kirk Anderson Startup Lawyer for Colorado Springs, CO

Jeff Carson Startup Lawyer for Colorado Springs, CO

39 reviews

Jenny Villier Startup Lawyer for Colorado Springs, CO

37 reviews

Ira Bornstein Startup Lawyer for Colorado Springs, CO

18 reviews

Lauren Roberts, Esq. Startup Lawyer for Colorado Springs, CO

15 reviews

Stacy Dees Startup Lawyer for Colorado Springs, CO

15 reviews

Stephen Morgan Startup Lawyer for Colorado Springs, CO

5 reviews

Walter Nichols Startup Lawyer for Colorado Springs, CO

4 reviews

Victoria Aguilar Startup Lawyer for Colorado Springs, CO

3 reviews

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Legal Services Offered by Our On-Demand Colorado Springs Startup Attorneys

On UpCounsel, you can find and connect with top-rated Colorado Springs startup attorneys & lawyers that provide a range of startup law services for startups and entrepreneurs that are starting a business. Any of the top-rated Colorado Springs startup lawyers you connect with will be available to help with a variety of your startup law related legal needs on-demand or on an ongoing basis in the city of Colorado Springs, CO.

From primarily dealing with things like business formation, contracts, leases, equity financing, securities, and intellectual property protection, the Colorado Springs startup lawyers on UpCounsel can help you with a variety of specialized and general startup law related legal matters. No matter what type of startup law needs you have, you can easily hire an experienced Colorado Springs startup lawyer on UpCounsel to help you today.

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A hold harmless clause is a clear legal statement indicating that an individual or enterprise will not be held liable in any way for the risk, danger, injury, or damages caused to the other party. Often, such a clause is signed when an individual embarks on an activity or purchase that involves some degree of unavoidable risk. 

This is a decision between two people or groups. It can protect either one party or both. Whoever is protected by the clause cannot be sued for whatever problem may arise.

A hold harmless clause is also called a hold harmless letter or release, a save harmless clause, a waiver of liability, or a release of liability. These agreements are usually seen in leases, contracts, and easements.

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Authorized Shares

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What are Authorized Shares?

Authorized shares are the number of stock shares a company may issue to investors or employees at the time they incorporate and stock shares that the company board of directors may issue later as specified in the Articles of Incorporation.

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Authorized shares can be issued when a company asks for financing. They may also be issued as a benefit for key employees. Usually, the number of shares that are authorized is much more than what is actually needed. This is to allow the company to issue stocks in the future when needed (as employee perks or perhaps as a secondary offering to raise more money). A company may refrain from issuing all of its authorized shares to maintain a controlling interest in the company and therefore prevent a hostile takeover.

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Cumulative Dividends

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However, paying cumulative dividends is mandatory. If the company can't pay out a cumulative dividend in any given fiscal year, the amount for that year is carried forward. It must always be paid out before any payments to common shareholders.

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