Common Pitfalls for Businesses that Neglect Legal Counsel
By Pablo E. Perez, Esq. All startups, family businesses, and early-stage entities must maintain a competitive advantage to survive. Although that drive is necessary, it can also exacerbate legal risks. Businesses in any stage of development can avoid the missteps that could create long-term liabilities which may then erase revenue gains and turn away investors. […]
What the “One Big Beautiful Bill” Means for Your Estate Plan
By Annaliese Bennett, Esq. The One Big Beautiful Bill Act, often nicknamed the “OBBA,” was signed into law in July 2025 and made permanent changes to the federal estate, gift, and generation-skipping transfer (GST) tax exemptions. Under the 2017 Tax Cuts and Jobs Act (TCJA), the federal estate and gift tax exemption was temporarily doubled […]
Corporations May Be Subject to Uncapped Noneconomic Damages
By Lee J. Morehead, Esq. The Colorado Court of Appeals in Ross v. Public Service articulated a significant expansion of liability for corporations in wrongful‐death cases. The plaintiffs (the heirs of Carol Ross) sued the utility company Xcel Energy after a drilling incident ruptured a natural‐gas pipeline, resulting in an explosion that killed Ms. Ross and destroyed her home. At […]
New Time Limits on Non-Competes for Minority Shareholders
By Timothy P. Brynteson, Esq. In a continued effort to limit the use of non-compete agreements (non-competes) in Colorado, the Legislature has passed Senate Bill 25-083 (SB 83), that amends the business sale exception found in Colorado Revised Statutes (C.R.S.) § 8-2-113(3)(c), by imposing new restrictions that specifically target non-competes in the context of medical […]
Corey W. Moore, Esq. Recognized in 2026 Edition of Best Lawyers: Ones to Watch in America
Otis & Bedingfield, LLC congratulates Partner Corey W. Moore, Esq. for his inclusion in the 2026 edition of The Best Lawyers: Ones to Watch in America recognizing his work with closely held companies and family businesses law. This is the third year that Corey has been recognized for this peer-reviewed distinction. Congratulations, Corey!
Liability in the Digital Age: Why the Old-Fashioned Phone Call Still Matters
By Lia Szasz, Esq. In today’s business world, email is a primary means of communication, especially for sending invoices and confirming payments. But this convenience has created a dangerous vulnerability: email-based wire fraud. In a world where hackers exploit even brief lapses in diligence, courts are signaling that email alone isn’t enough. The Imposter Rule […]
Corporate Transparency Act Update
By: Timothy P. Brynteson, Esq. The U.S. Department of Treasury’s Corporate Transparency Act (CTA) was signed into law in 2021with an effective date of January 2025. It established Beneficial Ownership Information (BOI) filing requirements that targets layered corporate structures that can enable the conduct of illicit activities, money laundering, the financing of terrorism, and other […]
2024 Legal Developments in Trade Secret Law
By Frederick J. Steimling, Esq. Trade secrets are crucial to businesses across industries, safeguarding sensitive information that provides their competitive edge. Recent federal court cases highlight key principles and trade secret litigation. These cases also suggest that the law is developing in a way that is more friendly to trade secret owners. A preliminary question […]
Common Contractual Provisions and Their Implications
By Derrick K. Galantowicz, Esq. Business owners deal with a variety of contracts in the course of their operations. Most focus on the main terms in a contract, such as what’s being purchased, payment terms, and timing considerations. However, certain contractual provisions with serious legal implications appear frequently across various types of contracts and are […]
Letters of Intent: Are They Necessary?
By Derrick K. Galantowicz, Esq. A Letter of Intent (LOI) acts as a preliminary document outlining several basic and essential terms and conditions of a potential business transaction. They are generally not legally binding and are seen by some as an unnecessary formality, but they can play an impactful role in shaping a future Purchase […]
