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Fort Collins Business & Commercial Law Blog

Colorado car insurance minimums are paltry

When some people buy a car insurance policy, they aren't always looking at the coverage amounts they are getting. Many only want a policy that is cheap and meets the minimum requirements of the state. However, this minimal coverage isn't always suitable for serious crashes.

Many experts cite $100,000 as the minimal coverage that a person needs for a per-person bodily injury policy. They further note that there should be at least $300,000 of bodily injury coverage per accident. If a person purchases the minimum coverage allowed by Colorado, they aren't getting coverage anywhere near those figures.

The sale of a business is something that must be taken seriously

When you decide that you are ready to sell your business, you need to make sure that your interests are protected. You have to think carefully about what you need and how to handle the situation. This is something that might need to happen quickly, but you can't rush it too much since that could be disastrous.

We know that you might have some concerns about the sale of the business. We are here to help you find out what you need to do in order to sell your business. Even if you find that you can't sell the business, we can help you to dissolve it.

Plan for the closing of a business in financial crisis

Coming to the realization that your business isn't going to remain open is something that is difficult to deal with. When you realize this, it is time to take stock of what is going on and take steps to protect your own finances.

One thing that you have to do is to ensure that you keep the company's taxes paid. The last thing that you need when you are already under stress because of the business closing is to have to deal with the Internal Revenue Service (IRS) trying to come to you to collect the business' taxes. Even if you can't pay any other bills make sure that the taxes are paid.

Plan your car crash injury claim very carefully

We recently discussed the dangers of lane changes. This is only one of the challenges that people who are driving face. These days, drivers don't actually pay attention to what they are doing when they drive. They get distracted by everything going on around them, which can lead to crashes.

The victims of distracted driving crashes often have a long road to recovery. This impacts everything from how they feel to how they are able to support themselves. If you are the person who is dealing with all of these negative aspects, you might decide that you are going to take immediate action.

Lane changes on interstates can be dangerous

Driving on the interstate is something that many people do on a regular basis. This is oftentimes the fastest way to get from one place to another. These roads that have higher speed limits usually have multiple lanes moving in each direction. This poses a safety risk that isn't present on other roads -- drivers trying to change lanes.

When a driver changes lanes, especially when there are three or more lanes in one direction, there is a chance that a crash will occur. Think about what might happen if a driver from the left lane and the driver in the right lane both try to move into the center lane at the same time. This could be a very serious accident simply because of the speeds involved. Even if one driver cuts back to his or her original lane, there is still a chance of an accident occurring.

Serious injuries demand that you take fast action

All car accidents can lead to serious injuries. The effects of those injuries might seem even worse when you are stuck trying to determine how you are going to pay the bills that came from the accident. This is the thing that often occurs when the driver who slammed into you was uninsured or underinsured.

We know that you might have suffered some serious injuries during the accident. We can help you explore the options that you have for seeking compensation for the accident. This could include turning to your insurance company for coverage under your policy.

Should I consider purchasing underinsured motorist insurance?

When you get motor vehicle insurance, you have to think about the type of coverage you want. Some people opt to only get the mandatory minimum coverage. This is often a decision that is based on the need to save money. What some people don't realize is that this decision might actually work against them later.

One form of coverage, underinsured motorist coverage, is one of the coverage types that is often misunderstood and might be passed over because of that. This insurance can prove very useful if you are ever involved in a car crash.

Get strong help to withdraw from a home purchase

There are many ways that a real estate deal can fall apart, even after you make on offer. If you officially make an offer and sign a purchase contract, it is still possible to retract the offer, but you must handle it very carefully to avoid further problems. In any real estate deal, it is always best to work with a real estate attorney to ensure that your rights remain protected while keeping your options open if things go poorly in the process.

The important thing in any home buying withdrawal is to follow proper procedures and meet all the associated deadlines. If the seller has already agreed to the purchase agreement in writing, then an attorney can help you create a proper letter expressing your desire or need to withdraw from the agreement. You may need to withdraw because of some aspect of the home that came to light in the inspection, because you found a home that meets your needs more closely, or simply because the financing did not come through.

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.

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323 South College Avenue #3
Fort Collins, CO 80524

Phone: 970-237-5694
Toll Free: 866-686-1410
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Wick & Trautwein, LLC
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Located in Lower Stanley Village
Phone: 970-586-3505
Fax: 970-586-3269
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Windsor, CO 80535
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