Our Blogs
McMechan Law , stays relevant to our clients by writing articles within the realms of residential and commercial real estate, estate planning, wills and trusts. We hope this content can inform and encourage you to learn more about our services. We also serve as a business lawyer assisting clients of all sizes.
FINCEN BENEFICIAL OWNER REPORTING UPDATE
On March 21, 2025, FinCEN issued an interim final rule that significantly narrows the definition of “reporting company” under the Corporate Transparency Act (CTA).1 This rule now primarily targets foreign entities registered to do business in the U.S. Key points:...
UNDERSTANDING INDEMNIFICATION
Providing a concise overview of indemnification in technology contracts, aiming to assist business professionals and new attorneys in understanding this complex legal concept. Definition of Indemnification: Indemnification involves the indemnifying party's promise to...
CORPORATE TRANSPARENCY ACT UPDATE
Enforcement Remains Suspended Despite Supreme Court Ruling Key Takeaways: The Supreme Court recently stayed a nationwide injunction blocking enforcement of the Corporate Transparency Act (CTA). However, following that, a separate nationwide injunction remains in...
The Importance of Estate Planning in Colorado
Protecting Your Future: The Importance of Wills, Powers of Attorney, and Trusts If you live in Arapahoe, Denver, Douglas, or Adams counties, or anywhere in Colorado, Probate is mandatory for those estate with over approximately $80,000 in assets. Probate is the legal...
Navigating the Sale of Your Business: Key Steps and Considerations
“Should I sell my business?” Perhaps, the time may come to consider selling. However, the process can be complex, requiring thorough preparation to ensure a smooth experience. Preparing the business for sale not only establishes a strong foundation for negotiations...
Business Law
Frequently Asked Questions About Business Law: Business law is the body of law that governs commercial transactions and the relationships between businesses, individuals, and the government. It encompasses a wide range of topics, including contracts,...
US Moves Closer to National Ban on Non Competes, with Influential New York Ban
New York’s newest ban on non-compete agreements is expected to have a significant impact on businesses and workers in the state, is part of a larger national movement, and may influence that movement positively. The ban, which is awaiting Governor Kathy Hochul’s...
Perilous Effects of New Communication Models, from New Generations to Covid effects
The article discusses the importance of companies being aware of the new channels of communication that their employees are using, such as messaging and chat tools. The article also emphasizes that all corporate communications may be discoverable, even if they are...
Trusts vs. Wills: Understanding the Key Differences in Estate Planning
Introduction: Estate planning is a crucial aspect of managing your assets and ensuring your wishes are fulfilled after you pass away. Two common tools used in estate planning are trusts and wills. While both serve the purpose of distributing your assets, they differ...
What You Should Know About Life Insurance
According to a study by PolicyGenius, 40% of people with life insurance regret not buying a policy sooner.Life insurance offers consumers peace of mind that they can leave money behind for loved ones when they die.According to Lincoln Advantage, funeral costs alone...