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The law firm of Wick & Trautwein, LLC, has a long history of partnerships with the people and businesses of northern Colorado and southern Wyoming

March 2017 Archives

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.

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.

A high-level overview of federal antitrust laws

Antitrust laws are something any business owner should be familiar with. Understanding how these laws might apply to you helps you stay clear of legal entanglements or assert your rights if you believe another business is creating a monopoly. Here's a quick primer on the three antitrust laws that make up the core federal legislation on the matter.

3 reasons you need business succession planning

Financial advisers often encourage clients to take time for estate planning, and if you're a business owner, the same type of advice applies to you. Estate planning is about getting your affairs in order so you can pass on assets to heirs and ensure your legacy is treated according to your wishes when possible. Business succession planning is about passing your company on to others and setting to foundation so your brand and business vision is kept intact.

Should you give clients the details during contract negotiations?

Renegotiating contracts should always be serious business. When you approach someone and indicate that the current agreement isn't working for you -- for any reason -- you automatically make yourself somewhat vulnerable in the interaction. Already, the other side knows what you don't want or what isn't working, and in some situations, they can leverage that against you. But what do you do if market changes or other factors have turned a previously lucrative agreement sour? One business man says you lay all your cards on the table.

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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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Wick & Trautwein, LLC
513 Big Thompson Ave
Estes Park, CO 80517

Located in Lower Stanley Village
Phone: 970-586-3505
Fax: 970-586-3269
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421 Main Street
Windsor, CO 80535
Toll Free: 866-686-1410
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