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Matters to consider before launching a business

There are a few steps Colorado business owners can take before they open their doors that might prevent expensive litigation down the road. Entrepreneurs who are starting a business with no employees must be sure to treat their business like a business. The first step is to form a legal entity for the company. Without this in place, business owners who work as independent contractors or consultants risk losing their personal property if a dissatisfied client sues for damages.

When to use an employment contract in Colorado

In many cases employment is considered at-will, which means an employee can quit at any time. However, an employment contract may make it harder for an employee to leave or might provide protection to an employer if a worker decides to move on. Some common terms of an employment contract include a non-compete agreement and a nondisclosure agreement.

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