All businesses, whatever their size, will either be sold or shut down. When you start a business you must consider what will happen in the event that it fails, or, if it is successful beyond your wildest dreams. The Johnson Law Firm helps clients set up their businesses in the best possible way depending on each client’s unique circumstances.

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Colorado offers a broad range of business entities, from sole proprietorships, partnerships, limited partnerships, corporations, limited liability partnerships and limited liability companies.

You need to consider how best to protect yourself from lawsuits, liabilities and taxes.

You also need to consider what will happen when you can’t or no longer want to run your business. Do you want it to continue? Is there anyone who you would like to run your business? Do you want to sell it?

If you plan and run your business properly, it can continue to provide income for your family long after you are out of the picture. Remember, some of the largest companies in the world such as BMW, and DuPont started out as family businesses.