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Ongoing Federal Challenges to Non-Compete Covenants Pose Minimal Impact on Colorado Employment

Co-Author: Britney Beall-Eder In early 2024, the Federal Trade Commission (FTC) unveiled a groundbreaking proposal to ban most traditional non-compete clauses in employment contracts across the United States. This initiative was part of a broader strategy to enhance economic mobility by removing barriers that inhibit workers from pursuing new employment opportunities, thereby promoting competition, innovation, and wage growth. On August 20th, 2024, the United States District Court for the Northern…

Navigating New Antitrust and MLS Rules in Colorado Real Estate

…understand these changes and provide some practical steps to ensure compliance. Key Changes You Need to Know No Compensation Information in MLS: Compensation details, including cooperative commissions, can no longer be included in MLS listings. This change ensures that search results remain unbiased and are not influenced by compensation-related factors. No Filtering by Compensation: Brokers are prohibited from filtering search results based on cooperative commissions, maintaining a fair playing field…

What Legal Documents Does a College-Bound Young Adult Need?

…matters on behalf of a child. If the child is away at college, studying abroad, or unavailable for any other reason, the parent can step in to help. This could include handling banking transactions, making sure bills are paid, and filing tax returns on the child’s behalf. Medical Power of Attorney A Medical Power of Attorney can grant a parent authority to handle medical decisions on behalf of a child…

What’s the Best Way to Handle My Rental Properties in My Estate Plan?

Co-Author: Mara B. Peterson, Esq. Using Revocable Trusts and Limited Liability Companies in Estate Planning If you are someone who owns real estate, particularly if your properties are used for rental purposes, there are many important legal and tax considerations for these properties in an estate planning context. Without proper estate planning, these assets could be vulnerable to liabilities and leave your beneficiaries with a difficult and expensive mess to…

“For Cause” Evictions in Colorado

…providing proper notice of defaults per C.R.S. §13-40-104 will be of the utmost importance for landlords in light of these statutory changes. Notably, service requirements when providing a Notice to Vacate or Demand for Compliance were updated, likely increasing the costs incurred by landlords when commencing an eviction. For example, the landlord or process server must attempt personal service on the tenant on at least two separate days before being…

Corporate Transparency Act

…updates. FJGG CTA Articles Corporate Transparency Act: What is it and what should I know? Update on the Corporate Transparency Act and Recent District Court Ruling FJGG CTA Services CTA compliance is extremely fact-intensive and varies depending on the specific circumstance. If you have questions or require assistance complying with the CTA, please email us at CTA@frascona.com for more information. Our CTA services are outlined below. CTA Consultation: Provide consultation…

Update on the Corporate Transparency Act and Recent District Court Ruling

and seek an interim stay of the ruling. While National Small Business Association v. Yellen and similar future cases work through the court system, entities and their beneficial owners should continue to comply with the CTA. Relying on this ruling or others like it to skirt CTA compliance could cause beneficial owners and reporting companies to miss reporting deadlines, putting them at risk of significant penalties under the CTA. For

Is Buyer’s Termination Over “Loan Availability” Legit?

https://youtu.be/oX0B1CKCBS8 What happens when a seller and a buyer disagree over whether the buyer’s termination of a contract due to lack of “loan availability” is legit? Watch this video to learn the four-step process to resolve these fights. This webcast links to other relevant webcasts: “Loan Termination” Splits in Two; Buyers Using Contingencies for Purposes other than they were intended; Earnest Money Release Revolution and one article on Mediation….

Why should I set up a Revocable Trust?

and the person authorized to act for the Trust is the “Trustee.” While the Settlor is living, they remain in full control of the Trust and its assets, including the ability to modify its terms. There are numerous benefits of establishing a revocable trust — it can be changed relatively easily and allows for control over property left to the Settlor’s intended beneficiaries. However, the primary advantage of using a…

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