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The Supreme Court's decision in Connelly v. United States changed how life insurance owned by a company is treated when an owner dies. Owners with an insurance funded buyout should review how their agreement is structured.

Update (November 2026): In 2022, Colorado rewrote its noncompete statute, C.R.S. § 8-2-113, through HB22-1317. Most noncompetes are now void, with narrower exceptions such as one for highly compensated workers that protects trade secrets, and violations can carry penalties. This article reflects the law when it was published. For current guidance, see our article on Colorado's newer non-compete rules or contact us. As a business owner, you’d probably like to limit your former

As business attorneys, we are routinely surprised how often successful business partners do not have agreements governing their business relationship. Before people get married, they usually give a good deal of thought to whether their partner is right for them. They may take months or even years, to see if what they have with the other person can survive through good and bad times. Even then, before entering into a marriage, many people make sure that they have a written ag

If you company has offered you stock options or other stock awards, here are five things you should know: 1. Lower Salary Now Stock options give you equity, or an ownership share, in the company. Usually if a company offers stock options, it’s because your base salary will be lower than the average for your position elsewhere in that industry. Whether that is a good deal for you in the moment depends on your personal situation, the amount of stock options offered and the pro

Most businesses in the United States are small, closely-held or family owned companies. However, due to insufficient estate, insurance,...