In September of 2022, the United States Financial Crimes Enforcement Network (FinCEN) published a rule that generally requires all legal entities to register their owners with the federal government. By way of background, entities such as Corporations, Limited Liability Companies, Limited Partnerships, and others tend to be created by statute by individual States. Colorado, like [...]
Introduction: Understanding FAMLI Starting in 2024, businesses have to comply with the Colorado Paid Family and Medical Leave Insurance (FAMLI) program, CRS 8-13.3-501, et seq. This law is more than just an excellent example of legislators working overtime to find a clever acronym. It requires significant action by businesses employing Colorado residents. Generally speaking, it [...]
In 2021, Colorado adopted the Equal Pay Act (C.R.S. s. 8-5-101, et seq.), a law aimed at diminishing gender pay disparities. The Ensure Equal Pay for Equal Work Act of 2024 amends this statute to include stronger requirements mostly connecting to job posting. Human resources and payroll companies should pay close attention, as their business [...]
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 [...]
How an Economic Downturn May Affect Contractors Markets rise, and markets fall. In the U.S., the economy is seldom stable for more than a few consecutive decades. That is why, like many of you, I am concerned that an economic retraction is looming. Insurance and Equity as Recession Resources However, I believe contractors performing [...]
