When an individual or business provides services to another business, they must be classified as an employee or independent contractor.  The Colorado Department of Labor does conduct audits to determine whether a business is properly classifying their workers.  This article has been prepared by a Denver tax attorney to provide additional information regarding an audit by the CO DOL.

If you’re concerned about an Colorado Department of Labor audit of your business, get in touch with the McGuire Law Firm about what you can do to protect your business.

Who Does the Colorado Department of Labor Audit?

The Colorado Department of Labor can audit any business paying contractors to determine if the classification of the third-party as a contractor is correct.  

What is the Audit Process with the Colorado Department of Labor?

First, the business will receive a notice that they are being audited for the classification of their workers.  The audit notice will provide the examiner or auditor’s name and contact information as well as a request for documents.  After producing the requested documents, the examiner may have questions or they may provide their findings.  The findings will outline which third parties they believe should have been classified as an employee and the tax or penalty for failing to properly classify the parties.  You have the right to appeal the findings of the examiner and state your case to an appeals officer.

What Documents Are Requested by the CO DOL?

The examiner will generally request all of your business records relating to the payroll such as W-2s, W-3, 941s, payroll ledgers or summaries and related information.  Further, the examiner will request your income statement, copies of 1099s and any contractor files such as your independent contractor agreements with the contractors.

What is the CO DOL Focusing on in a Classification Audit?

The focus is primarily on whether or not the parties that received 1099s or payments for services were properly classified as independent contractors.  Thus, although the payroll information is important, the list of parties your business issued 1099s to or paid as a contractor are likely to be the primary focus.  The DOL examiner will use the 1099s and expense ledger to then have a list of all parties paid who could possibly be reclassified as an employee.

How Are Parties Chosen for Audit by the CO DOL?

Some audits can be random, while others may have been selected given the amounts paid to third parties as contractors in comparison to employees.  Further, we are told many audits begin when a third-party claims unemployment as an employee but are told they have been treated as a contractor and may not be eligible for unemployment benefits.  When the individual claims they are an employee, the DOL may determine they should investigate further as to the business paying this third party.

What Are the Penalties for Improperly Classifying Workers?

The penalties can be severe.  A first time willful violation can be a $5,000 penalty per offense with a $10,000 penalty of the classification is not corrected within 60 days of the DOL finding the offense.  Further, the DOL can penalize a business $25,000 for a second or later willful violation and up to $50,000 for repeat violations.

Why Does the CO DOL Care About My Worker Classification?

The DOL cares because a business does not pay unemployment insurance for independent contractors.  Thus, the unemployment insurance fund can be reduced or weakened when an employee does not properly classify their workers as employees.  Further, the individuals seeking unemployment are harmed when they do not qualify for unemployment.

What Other Tax Ramifications Exist?

If the DOL reclassifies third-parties as employees and you begin paying these employees wages, the wages would then be subject to social security and Medicare tax.  The total social security and Medicare tax is 15.3% with half (7.65%) being withheld from an employee’s paycheck (the employee portion) and the other half being paid by the employer (the employer matching portion).  The employer matching portion is why many businesses would prefer to classify workers as contractors because they do not have to pay the 7.65% matching amount.

What to do if You Have Received Notice of Audit

If you have received a notice of audit from the DOL, please consider speaking with a Denver tax attorney at The McGuire Law Firm.  A tax attorney can represent you and assist you through the audit as well as assist with properly drafting contractor agreements and classifying workers in the future.  Contact us for a free consultation.

Our Denver business attorneys are highly skilled and practice various transaction matters. They know how to guide businesses through the complexities of the law effectively. We can assist you with drafting contracts, negotiating deals, and resolving disputes.

We advise on employment agreements, intellectual property issues, commercial leases, real estate transactions, mergers and acquisitions, and general corporate matters. We understand the importance of protecting your interests and strive to educate our clients about their business decisions’ legal requirements.

We offer free initial consultations to discuss your particular situation and determine whether we are the right fit for you. Contact the McGuire Law Firm today to schedule your consultation.

Why You Need a Business Attorney in Denver

When you start a business, there are many things to consider, including how much money you want to spend on legal fees. You might think that hiring a full-time lawyer is the best option. But what if you don’t have enough cash flow to cover those costs? What if you’re starting and don’t know anyone who could recommend someone trustworthy? Or maybe you’ve been running your business for a while now and feel ready to hire a lawyer. Here’s a quick guide about finding and picking a business attorney.

A business lawyer can help you understand what the law says about your particular industry and business model. They are experts in navigating the many complexities involved in running a business. Your business attorney can also help you avoid common pitfalls and challenges, such as tax liabilities and potential lawsuits.

When starting a new business, knowing where you stand legally is essential. This includes ensuring that your business name is protected, that your intellectual property is secure, and that you comply with all state and federal laws.

Once you have been operating your business for a while, a business attorney can assist you in negotiating contracts, resolving disputes, and protecting your interests during mergers and acquisitions.

Your business attorney can also guide you through compliance issues, including establishing internal policies and procedures, developing a risk management plan, and managing third-party vendors.

Determine Why You Need a Business Attorney in Denver

The best time to hire a small business lawyer is before you need one. This way, you’ll know exactly what questions you want to be answered and whether you’re getting good value for your dollar. Here are three reasons startups and small businesses should consider hiring a business attorney in Denver.

Choose the Right Entity Type

Choosing the correct type of business entity is critical because it affects everything about how you run your business. If you choose the wrong form, you could end up paying unnecessary taxes, running afoul of corporate regulations, or even losing out on opportunities to be part of a larger organization.

Drafting Legal Documents

Drafting legal documents such as term sheets and operating agreements requires specialized knowledge. In addition to knowing the ins and outs of the law, you’ll need someone who knows the fine print of drafting contracts.

Navigating Securities Laws

Securities laws are complex and often confusing, especially regarding crowdfunding. Having a small business lawyer on board can make navigating this area much more manageable.

Finding a Business Attorney In Denver

One of the best places to start your research is online. Whether you find a business attorney before you need them or you’re looking for a legal advisor for a specific situation, you can follow a couple of best practices. These include having multiple options to compare, finding numerous lawyers to meet with, and selecting the individual that’s the perfect fit for your business.

If you’re looking for a general business attorney, make sure they specialize in areas relevant to your business. Start with local directories like Yelp or Google. Some attorneys specialize in commercial law, while others focus on intellectual property issues. It’s essential to compare their experience levels, qualifications, fees, and references.

Finally, once you’ve narrowed down your list of candidates, it’s advisable to schedule meetings with each of them. By doing so, you’ll be able to ask questions about their background, experience, and fee structure. After meeting with several attorneys, choose the one that’s the best match for your needs.

Helpful Questions To Ask a Business Attorney

The third step in finding the best small business law firm is to compare the rates offered by different firms. You don’t necessarily have to hire a big-name firm to provide legal representation; many smaller businesses choose local attorneys who are familiar with their industry and can help them navigate complex issues.

When comparing rates, consider that several factors affect what a small business owner must pay for legal counsel. Some factors include how long it takes to close a deal, whether the lawyer offers discounts to repeat customers, and whether the firm provides ongoing support.

In addition to reviewing fees, ask the following questions during your research:

• How long have you been a business attorney in Denver?
• What percentage of your practice consists of representing businesses?
• Do I need to pay retainer fees up front?
• Will my case require hourly billing?
• Are there any costs associated with hiring a business attorney in Denver?
• Can I review documents before signing a contract?

Business Formations

Businesses come in all shapes and sizes. Some start small and grow into large corporations. Others take off like wildfire and become household names. There are even those that remain relatively unknown despite having been around for decades. Regardless of how long a business has been operating, it is essential to understand what type of business structure best suits one’s needs. For example, does one want to be a sole proprietorship, partnership, corporation, LLC, LLP, or S Corporation?

The McGuire Law Firm offers free consultations to discuss your particular situation and answer questions about the pros and cons of each type of business entity. We can help you choose the correct form of business organization for your needs.

Mergers, Acquisitions, Sales, and Business Transactions

The McGuire Law Firm provides legal counsel for mergers, acquisitions, sales, and other business transactions. Our firm represents buyer and seller clients, and we focus on providing effective solutions to complex problems.

We represent businesses and individuals in commercial litigation matters, including breach of fiduciary duty claims, securities fraud cases, intellectual property disputes, and employment law disputes.

Our experience includes representing buyers and sellers in business transactions ranging from simple asset purchases to multi-million dollar acquisitions and complex corporate restructurings.

In addition to serving as general business lawyers, we offer specialized expertise in the following areas:

• Business Litigation & Dispute Resolution
• Corporate Restructuring & Bankruptcy
• Employment Law
• Intellectual Property
• Merger & Acquisition Transactions
• Real Estate
• Taxation & Accounting

Need a Business Attorney in Denver?

A business attorney can explain the benefits and drawbacks of each option and help you determine which is best suited for your circumstances.

If you are facing serious tax issues, you must contact JM Tax Law immediately. We offer free consultations and work hard to ensure our clients understand what options are available to them. Our attorneys provide practical solutions to complex problems and work diligently to ensure that our clients receive the best possible outcome. Contact us today to learn about how we can assist you.

When you start an LLC business, you are usually excited about what lies ahead. You might even dream about all the possibilities of starting a new venture. However, when you close down your business, you might feel like you need to get rid of any unfinished projects before moving on to the next thing. However, several legal requirements must be met before officially dissolving your LLC. Filing paperwork with the state and informing creditors are two of those requirements. These steps will protect you from personal liability if something goes wrong during the closing period. A Denver business attorney has prepared this article to provide additional information on dissolving an LLC in Colorado. 

Why Should You Dissolve an LLC?

To start a business, you must register your company name with the Secretary of State. You also need to file articles of incorporation with the state. If you are doing business in another state, you may need to file a similar document. Once you registered your company name, you must notify the IRS and other relevant tax authorities. You should also keep records of all payments made to yourself and the corporation. When you dissolve the company, you stop paying taxes and filing returns.

Dissolution is a legal procedure that ends the existence of a corporation. A company can dissolve itself if its owners agree to do so. Suppose the owners of a dissolved corporation wish to continue operating under another name. In that case, they must file articles of incorporation under the state’s general corporation law. Dissolving a corporation does not affect any contracts entered into before the dissolution. A corporation may also be dissolved voluntarily by filing Articles of Dissolution with the Secretary of State. Dissolution of a corporation does not mean that the corporation ceases to exist. Instead, it dissolves the corporate entity and returns all assets to the individual shareholders. When a corporation dissolves, the directors and officers remain liable for any debts incurred before dissolution.

Vote to Dissolve the LLC

The first thing you need to do when dissolving a company is to get all the members to agree to dissolve the company. You will then need to follow the procedures set out in the organizational documents. If there are no specific procedures, you must follow the general procedure outlined in your state’s business laws. Once the company is dissolved, you must keep track of any outstanding debts or liabilities.

File Your Final Tax Return

When you dissolve your corporation, you must notify your state tax agency of your intent to dissolve. If you fail to do so, you could face fines and penalties. Once notified, the state tax agency will send you a notice indicating whether you need to pay additional taxes. If you have already paid all of your taxes, then there is nothing else to worry about. However, if you have not yet filed your taxes, you should still contact the state tax agency to let them know you intend to dissolve your corporation.

You must file your final tax return at the end of every calendar year. You may need to file quarterly instead of annually if you are self-employed. You will also need to file an annual report with the IRS. You must file your final employment tax returns within 90 days after the end of each quarter. Failure to file timely means you could face penalties.

File the Proper Dissolution Forms

Next, go to your state’s Secretary of State or Corporations Division website to find the dissolution forms. You will need to provide basic information about yourself and your company. Some states require additional information, such as proof of payment of outstanding taxes. Fees vary by state but generally range from $10-$50. Check the form instructions for the exact requirements.

You need to get an official Certificate of Dissolution from the state. You can do this online at the Secretary of State website. Once you receive the certificate, you must file it in your LLC record books. Be sure to include your LLC number, name, and other information. Make sure you also include the filing fees, if any. There may be additional requirements depending on what type of entity you are forming. For example, you must pay taxes if you are forming a corporation. If you are forming a partnership, you must register with the IRS.

Settle Outstanding Debts

It would be best if you let your creditors know about the dissolution. You can send them a letter via certified mail and return the receipt requested. If unsure what kind of creditor you have, check with your attorney or contact your state’s Secretary of State’s office. Your state’s law will specify the proper procedure. Usually, you must provide notice within 30 days of the dissolution. Any claim filed against you after the deadline will be dismissed if you fail to provide notice.

It’s important to keep track of your debts and credit card balances. If you’re unsure whether you need to send out notices to creditors, check your credit report first. A free copy of your credit report can be found at annualcreditreport.com. You can also get one every four years through AnnualCreditReport.com. Once you’ve checked your report, you should consider sending out notices to creditors.

Distributing Assets

You may need to pay your creditors before distributing any money to your LLC members. You will also need to allocate assets among your LLC members. These allocations are usually based on an owner’s share of the company. For example, if you have three owners with a 40-30%-30% ownership split, each owner gets 30% of the company’s total value. However, you can change the distribution of your LLC’s assets at any time. Doing so will require a special meeting of your LLC’s board of directors.

Take Care of Your Employees

Employment taxes. If you have one employee, you must pay them any final wages or compensation owed. You also need to make final federal tax deposits. The trust fund recovery penalty may apply if you don’t deduct or deposit employee income, social security, and Medicare taxes.

You must pay quarterly federal income tax on all wages paid during the year. You also must pay the estimated tax if you expect to owe more than $1,000 at the end of the year. Failure to pay the required due amount may be subject to penalties and interest.

You must complete an annual return if you paid wages during the calendar year. Suppose you paid wages to any employee during the calendar year. In that case, you must report the total wages paid to all employees. You must also report the total amount of FICA taxes withheld from wages paid to all employees, including those who did not receive wages. You must attach a copy of Form W-2 to the return. For more information about reporting wages, see Publication 1546, Reporting Employee Compensation and Benefits.

If your company receives tips, you must file Form 8027, “Employer’s Annual Information Return,” to report the final tip income. You also need to allocate tips to each employee. If you don’t, you may face penalties.

Conduct Other Wind Down Processes

A proper conclusion to your business involves closing out your accounts, including your business bank account, federal employer identification number (FEIN), and any state tax ID number, if applicable. You should also cancel any contracts and leases that may still be active and let your customers know when your last day of business will be.

Further Steps

If you register an LLC, you will automatically get a tax ID number in many states. You need to keep track of this number and update it when you change your name or state of incorporation. If you fail to do this, you may not be able to claim certain deductions or credits.

When you close your LLC, you’ll file your federal and state income taxes. You’ll also need to file any employment taxes owed. The IRS has a checklist of tax-related actions you need to take when dissolving an LLC. You’ll help avoid future fees, obligations, and lawsuits when you dissolve your LLC.

Contact The McGuire Law Firm to discuss your business questions and issues with a Denver business attorney. 

When businesses acting as the seller or purchaser are going through the acquisition process, there is likely to be discussion as to whether the acquisition will be structured as an asset purchase or a stock purchase. There are advantages and disadvantages to an asset purchase and a stock purchase for both the seller and purchaser. 

However, there may be a means to treat a stock purchase as an asset purchase and receive the best of both worlds. The article below has been prepared by a Denver tax attorney and Denver business attorney to discuss certain tax matters. Still, please always discuss your specific issues with your attorney and check for current laws and regulations that may have changed.

A Stock Purchase

A stock purchase is relatively simple as the seller or target corporation’s stock is purchased. The buyer obtains control of the target corporation’s assets with no other action by owning all of the stock. This being said, the buyer may also inherit liabilities of the target corporation as the business continues and is exposed to prior matters. An asset purchase transaction may be more complex in that the buyer is purchasing the assets and not the stock, thus requiring the transfer of title to each asset, which depending upon the facts and circumstances, could begin to amount to significant time and cost etc. Further, if the target corporation has special licenses and permits, these may not be transferable to the buyer and could create additional issues under an asset purchase.

An Asset Purchase

As it is good and bad with both structures, a buyer, from a tax perspective, will generally prefer an asset purchase because the buyer, after the asset purchase, can step up the basis in purchasing assets. Therefore, the asset’s stepped-up basis will lead to more significant depreciation to lessen taxable income and thus tax at the corporate or personal level. In comparison, when the stock is purchased, the buyer will receive a basis in the stock at the purchase amount. The realization of the tax benefit may not come until the buyer sells the stock using the basis in the stock to offset a capital gain. Thus, the buyer will likely not “realize” the tax benefit of the stock purchase until a later date than they would under an asset purchase agreement.

There is a means under Internal Revenue Code Section 338 for the buyer to make an election treating a qualifying stock purchase as an asset purchase for federal income tax purposes. Under 338, if the transaction qualifies and the election is made, the transaction is treated as if the buyer purchased the target corporation’s assets for the purchase price of the stock. Therefore, the buyer will receive a more advantageous step-up based on the assets.

Section 338 Election

The buyer acquires the seller’s stock at a discount in a stock acquisition transaction. Suppose the buyer makes a qualifying stock purchase within 60 days of the date of transfer. In that case, it must elect to treat the transaction as an asset acquisition for federal income tax purposes. This is known as a “step-up” election.

If the buyer makes a Sec. 338 election, it treats the transaction as a stock purchase for legal purposes. Hence, it continues to acquire the seller’s liabilities, including outstanding debt, shares of capital stock, and certain contingent obligations. However, the buyer does not acquire the seller’s assets. Instead, it steps up the basis of those assets to the purchase price paid for the stock. At the end of the period, the buyer reports the transaction as a sale of stock and recognizes ordinary income equal to the difference between the purchase price and the adjusted cost basis of the stock.

The buyer can choose to allocate the excess of the purchase price over the adjusted cost basis to goodwill. Goodwill represents the purchased excess over the adjusted cost basis of intangible assets such as customer relationships, brand recognition, and patents.

Making the 338 elections is a means to structure an acquisition as a stock sale, which may have benefits, but allow the buyer the tax advantage of an asset purchase agreement.  John McGuire, a Denver tax attorney and Denver business attorney at The McGuire Law Firm, has prepared this article.

As a tax attorney, these are common questions I am asked, and rightfully so as everyone wants to take advantage of all potential deductions allowed by the Internal Revenue Code.  Not only is the deductibility of certain business expenses a hot topic with business owners, but it is also a hot topic and highly litigated topic with the Internal Revenue Service.  In fact, I recall reading a recent annual report to Congress by the Taxpayer Advocate Service whereby the deductibility of trade or business expenses he been one of the top ten most litigates issues for a very long time.  Furthermore, the same report stated that the courts affirmed the position taken by the Internal Revenue Service (the disallowance of the deduction) in the vast majority of cases and that the taxpayer only prevailed (in full) about two percent (2%) of the time.  The article below is not intended to be legal advice, but rather to provide general information regarding this issue.

First and foremost, we should start with the current law regarding deductions for business expenses.  Internal Revenue Code (the “Code”) Section 162 allows deductions for ordinary and necessary expenses incurred in a business or trade.  What actually constitutes ordinary and necessary may better be understood through an analysis of the case law, which is significant, surrounding the question.  Generally, the determination is made based upon a court’s full review of all facts and circumstances.

Based upon the black and white law under the Code, what constitutes a trade or business for purposes of Section 162.  Perhaps it is ironic that the term “trade or business” is so widely used in the Code, but yet, neither the Code nor the Treasury Regulations provide a definition for Trade or Business.  Personally, I think it would be quite hard to provide a definition for trade or business, especially under the auspices of income tax.  The concept of trade or business has been refined and defined by the courts more so than the Code.  The United States Supreme Court has held and stated that a trade or business is an activity conducted with continuity and regularity, and with the primary purpose of earning a profit.  Albeit broad, I would agree this definition would be sufficient for the majority of businesses I work and assist.

Now that we have an idea of what may constitute a trade or business, what is “ordinary and necessary?”  Again, the Supreme Court has helped provide definitions for these broad, but important terms.  Ordinary has been defined as customary or usual and of common or frequent occurrence in the trade or business.  Necessary has been defined as an expense that is appropriate and helpful for the development of the business.  Further, it should be noted that some courts have also applied a level of reasonableness to each expense.

John McGuire is a tax attorney and business attorney at The McGuire Law Firm focusing his practice on issues before the IRS, tax planning & analysis, and business transactions from formation to sale.

Minimum Gain Chargeback provisions deal with non-recourse debt and the allocations of non-recourse debt.  Such provisions are mandatory if the partnership wishes to allocate non-recourse deductions to the partners in any manner other than per the member’s pro-rata portion of a capital interest in the partnership.  Therefore, it is important to identify when a Minimum Gain may be realized.  Minimum Gain occurs when deductions are claimed on property that decreases the partnership’s book basis in the property below the actual balance of the non-recourse debt on the property.  A situation whereby you may see Minimum Gain is when a property is depreciated.  The depreciation will drive the partnership’s book basis of the property below the amount of the loan on the property.  When a partnership does have a Minimum Gain, the Minimum Gain Chargeback is an allocation of the gain to the partners or members who have received the benefit of non-recourse deductions, or who may have received distributions from the partnership that can be attributed to the non-recourse loan.   In short, if a partner has received a benefit from the depreciation of property whereby they did not bear the economic risk of the loan to acquire the property (because the debt was non-recourse and not personally guaranteed), the benefit can be “charged back” to the partner.

So when does the “charge back” occur?  The deductions or distributions taken by the partners are charged back when the property that was subject to the non-recourse debt is sold, transferred or otherwise disposed of, or when there is a change in the character of the non-recourse debt.  A change in the character of the non-recourse debt could be the debt converted to a recourse liability or the debt being forgiven.

Now, the million-dollar question: What is the amount of the charge back?  The partnership’s minimum gain is generally going to be the excess of the non-recourse liabilities over the adjusted tax basis of the property subject to or securing the non-recourse debt.  Perhaps an example will help illustrate this.   Assume J&J, LLC had purchased a property for $200,000 and took $100,000 in depreciation on such property.  Thereafter, J&J LLC obtains non-recourse financing of $250,000.  The minimum gain would be $150,000, which is the non-recourse debt of $250,000 less the adjusted basis of $100,000.

It is important to remember that a partner is not subject to a chargeback for monies they contribute to repaying a non-recourse debt, and it is possible for the partnership to request a waiver of the chargeback under certain circumstances.

John McGuire is a tax attorney at The McGuire Law Firm whose practice focuses primarily on tax matters before the IRS, business transactions, and tax issues as they apply to his individual and business clients.  In addition to his law degree, John holds an advanced degree in taxation (LL.M.).  Please feel free to contact John with any questions.

First, we need to identify the parties.  In any corporate acquisition, you will have the buyer who is looking to acquire one or more businesses that are operated and owned by another business.  The seller, which may be referred to as the “target” or “target corporation” may wish to be disposing of the business in exchange for some type or form of consideration, or merge in some way with the buyer.  Broadly stated, the buyer may wish to purchase the stock of the target corporation or acquire the assets of the corporation.  Thus, in general, you can consider the purchase options to be a stock purchase or asset purchase of the target.  Furthermore, there is the possibility that the acquisition could be a hostile acquisition.  A hostile acquisition involves the acquisition of a publicly held company, like Wal-Mart.  The acquisition begins without any agreement between the purchaser and the target corporation.  It is possible that through a hostile acquisition, the target may not even wish to be acquired or purchased by the buyer.

It is likely that the single most important factor in an acquisition will be the consideration to be paid or consideration received by the target (property, stock, and other items could be used as consideration).  Thereafter, an important issue to consider and understand is whether the shareholders of the target corporation plan to or wish to have equity ownership in the combined entity after the acquisition is completed, or if such shareholders wish to sell their entire ownership interest in exchange for a cash payment or other financial benefit.  This issue will likely dictate the overall consideration involved and will, in many respects, control the overall structure of the transaction as well as the characterization of the transaction for tax purposes (taxable versus tax-free).  For example, if the parties wished to have a tax-free reorganization, a common theme in a tax-free reorganization is continuing ownership interest in the combined business by the previous shareholders of the target business.  The transaction may only be able to qualify as a tax-free reorganization if a substantial portion of the consideration paid is the stock of acquiring corporation, or perhaps the stock of the acquiring corporation’s parent.  Thus, consider whether or not the target shareholders receiving shares of the acquiring corporation would be practical if in fact some or all of the target shareholders wished to receive cash consideration for their ownership interests.  This example illustrates how the goals and wishes of the parties involved can dictate the transaction structure and thus the tax implications to the parties.

The above article has been prepared by John McGuire of The McGuire Law Firm.  As a tax and business attorney, Mr. McGuire’s practice is focused on tax planning, tax matters before the IRS, and business transactions from business start-ups & formation, to business contracts & acquisitions.  You can schedule a free consultation with a business attorney at The McGuire Law Firm by calling 720-833-7705.

You can contact The McGuire Law Firm to speak with a tax attorney and business attorney in Denver, Colorado or Golden, Colorado.

The video below has been prepared by a business attorney and tax attorney from The McGuire Law Firm.  If you are considering selling your business or buying  a business, consult with a business attorney or tax attorney regarding your specific issues.

The McGuire Law Firm provides a free consultation for all potential clients.

You can speak with  a business attorney in Denver, Colorado by contacting The McGuire Law Firm.