Legal Question in Business Law in Colorado

I invested in a small business with capital and labor a little over 2 years ago. The business just had a major contract cancelled which could doom it's existence. My question is that I'm not in a formal contract with the owner yet I've helped purchase over $20,000 worth of equipment. How do I protect my investments from being sold without compensation. I can prove that I bought the equipment with documentation


Asked on 9/24/10, 8:55 am

2 Answers from Attorneys
Gary C. Johnson Attorney Gary C. Johnson

When you say you do not have a formal contract with the owner, are you talking of the small business you invested in or the company for whom you bought equipment?

DISCLAIMER This answer is for informational purposes only and discusses general legal principles, trends, and considerations and is not intended as specific legal advice regarding your question. This answer does not establish an attorney client relationship. http://www.garycjohnsonlaw.com 720-323-3776

Read more
Answered on 9/29/10, 2:48 pm
Robert Murillo Pivotal Legal Ltd.

You should try to get a security agreement a UCC 1 and other relevant agreements to protect your investment.

Depending on the facts, you may have some leverage under securities laws. You should speak with a business attorney as soon as possible.

DISCLAIMER�This answer is for informational purposes only and is not legal advice regarding your question. This answer does not establish an attorney-client relationship.

Read more
Answered on 10/02/10, 7:09 am


Related Questions & Answers

More Business Law questions and answers in Colorado