Colorado is currently in the midst of a severe and escalating housing crisis, significantly impacting those with the lowest incomes. Ranked as the 8th most unaffordable state for housing, the situation is marked by two interconnected challenges: affordability and availability. Businesses should be aware of the effect this may be having on the labor force [...]
As a leading Denver business attorney, we've noticed the pressing issue of homelessness in the city. Likely related to the state’s astounding property value increases and increased population, the streets, parks, and lots in the metro area have been accumulating homeless people living in tents and campers. While these unfortunate individuals should be pitied and [...]
I have been expecting the United States economy to enter a recession for some time now. Maybe this is because I watch the same news cycle as everyone else, with all of its sensationalist, doom-and-gloom forecasts. Maybe it was my experience representing businesses that struggled during the 2018 recession triggered by a housing bubble that [...]
I previously talked about a few common customer mentalities that lead to breakdowns in contracts between construction companies and customers. This time, I want to talk about the most difficult kind of problem to overcome from the contractor’s perspective: simple self-interest. What is Self Interest? “Self-interest” refers to a customer’s decision to do something because [...]
In my last blog post, I started talking about the customer mentalities that I see commonly leading to refusal to pay a contractor. The first case involved what I would term “buyer’s remorse,” which is where the customer decides they would be better off with a different contractor due to financial or communication issues. Except [...]
At Underhill Law, we do quite a bit of work involving collection related to construction contracts. We usually represent the contractor, but we sometimes represent the customer. In cases like these, we find the most important thing is to focus the parties on the original deal: workmanlike construction services in exchange for prompt payment. The [...]
When Colorado business owners choose the form of their business, they have several options. The most popular are probably the corporation, with directors and shareholders, or the limited liability company, with members and managers. The choice between the two often boils down to various accounting and tax considerations more than anything else, making a business [...]
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One remedy available to those who perform construction work is the Mechanic’s Lien. In Colorado, this is a security interest in real property that is given to laborers or materialmen who do work on that property. It is a useful tool in ensuring payment on projects for a variety of reasons. It is a statutory [...]
