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Fort Collins Business & Commercial Law Blog

Think about legal disputes your business might face

You are likely going to need to seek legal advice for various points throughout your time as a business owner. It is imperative that you have legal representation that can help you through these issues that might come up.

Your legal needs might start before your business even officially opens. If you are considering a franchise, you need to review the franchise agreement. If you are renting commercial real estate, you need to review the lease agreement. Even if you are buying a property, you need to review zoning laws and other pertinent information.

Real estate leases for commercial properties are complex

Commercial real estate transactions can be some very tricky transactions, especially if you aren't familiar with these types of transactions. There are numerous different things to look at when you are going to rent a commercial property.

We can help you go over the lease for the property to ensure that you fully understand the terms. Commercial leases can include a host of clauses that could eat into your bottom line. For example, some restaurant leases require the tenant to pay rent plus a percentage of the income for the restaurant. As you can imagine, this would be a costly factor if the business is successful.

Car crash injuries vary from very minor to catastrophic

The jolting motions that are associated with car crashes can lead to very serious injuries; however, some people are lucky enough to walk away with only minor injuries. One thing that remains constant through all car accident injuries is that the victims have to live with the effects of the accident for a long time to come.

Some injuries, such as spinal cord injuries (SCIs) or traumatic brain injuries (TBIs), can come with serious implications. Victims of these injuries can have permanent disabilities that mean they are unable to work because they can't function how they could before the accident. This means that a person who was self-sufficient before the accident might be fully dependent upon others after the crash.

Seeking compensation is possible after you are hit by a car

Car accidents are often difficult to handle for a variety of reasons. These crashes can lead to physical injuries that make it difficult to do the things you would normally be able to do without having to think much. On top of the physical pain, you often have to deal with making plans for having your vehicle repaired or replaced.

We know that you have a lot on your plate already. You might not feel like you are able to move forward with handling the car accident issues until you have a chance to heal. While you do have a little time that you can focus on yourself, you should take action quickly if you are planning on seeking compensation.

Should I purchase more than just liability car insurance?

Everyone loves a good bargain, but those who buy the cheapest auto insurance coverage for their vehicles may experience buyer's remorse if they wind up involved in a wreck with an uninsured (or under-insured) driver.

Is it ever possible to get financial compensation after an at-fault, uninsured driver injures you and damages your vehicle?

Do you know how to get your way in contract negotiations?

Whether you're dealing with a dispute that means redrawing lines in your contract or you want to ensure the contract is solid and meets your needs to avoid future disputes, negotiation skills are important. Here are some tips for swaying things your way in any contract negotiation.

First, consider working with professionals. No matter how convincing you are or how willing you are to push back to get your way, it doesn't matter if the other side has a much deeper understanding of contract law than you do. You could think you're getting a great deal, and a nuance of language or law could mean exactly the opposite. Working with and experienced legal professional helps you protect your interests in a contract.

3 simple finance tips for new business startups

You don't have to be rich to start your own business, but you do need some financial savvy and a strong plan. Planning ahead and understanding your goals and how you can realistically reach them is a huge part of driving long-term success. Business owners who reach out to other experienced professionals to get advice about the legal, account and human resource aspects of starting a small business can save themselves a lot of trouble later. Here are three simple tips for helping ensure financial stability for your start up.

First, set a budget and make sure you know where the money is coming from. The web is full of stories about entrepreneurs who personally paid for the bootstrapping of a startup, but that's not always the best approach. If you have a family and other obligations, it's easy for business expenses to eat into personal funds. It's also easy for business expenses to grow out of control if you aren't keeping a close eye on them and ensuring they stay within budget.

Understanding unpaid internship requirements

April is Internship Awareness Month, and with so many college students wrapping up classes or graduating soon, internships might be on the minds of job seekers and businesses alike. For businesses, internships are often a way to get free or low-cost help while also developing professionals for future positions. For the interns themselves, the opportunities can provide invaluable experience that strengthens their resume. Not every internship can be unpaid, though. Federal law requires certain guidelines be met if you aren't going to pay your interns.

First, while the intern might be expected to perform some job duties, the internship should provide the type of training that might be offered in an education environment; internships aren't about free labor -- they are about hands-on learning. Second, the internship must be created to support the benefit of the intern. The employer might benefit in a secondary fashion, but the company can't be the primary or sole beneficiary of the relationship.

Helping your older relative with final business arrangements

A few weeks ago, we discussed the importance of succession planning. Anyone who owns a business should have a plan in place to pass that business on to someone else or appropriately close up shop at the right time. Most people don't want to work full-time, even in their own business, until they die. As important for planning for yourself in this regard is helping others who may need to extricate themselves from a business.

For children or other relatives with older loved ones, it's not always easy to understand how best to provide such assistance. First, you have to decide as a family whether the business is going to stay open and if someone in the family is going to take the helm. It's tempting to agree to such an honor to please your loved one, but it usually doesn't work out to anyone's benefit if you take a position you aren't suited for.

What 3 Ds should you follow immediate after a car accident?

Being involved in a car accident can leave you reeling. Whether you're seriously injured or just dealing with minor cuts and major damage to your vehicle, you might not be in a good frame of mind for paying attention to details. Unfortunately, in the immediate aftermath of an accident, details can become important. Here are three steps that you need to take if possible following a motor vehicle crash.

First, document the accident. If you are not seriously hurt and able to do so, take pictures with a smartphone or other device. These could come in handy if you need to prove anything about the accident later; they might also prove to be valuable evidence if any matter related to the accident goes to court. Write down any information about the accident as soon as possible, including the investigating police officer's name and the name and contact information of any witnesses.

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Wick & Trautwein, LLC
323 South College Avenue #3
Fort Collins, CO 80524

Phone: 970-237-5694
Toll Free: 866-686-1410
Fax: 970-482-8929
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Estes Park, CO 80517

Located in Lower Stanley Village
Phone: 970-586-3505
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Windsor, CO 80535
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