Starting and Operating a Business
Starting a
Business in Colorado
RMD
Financial Corporation can help you form your new corporation,
partnership, joint-venture, non-profit or LLC, easily, and
affordably. Since 1989, RMD helped hundreds of business owners
protect their personal assets by incorporating. You can trust in
our expertise and the quality of our work because we provide our
public and private sector clients with the products and services
they need to insure their long term success.
Limited Liability Companies in Colorado
A
Limited Liability Company (LLC) combines the tax flexibility of a
partnership with the limited liability of a corporation. Our
customers form LLCs more often than corporations, typically to
protect their personal assets and avoid the "double taxation" of a
corporation on shareholder dividends. Each member (owner) of an LLC
reports their share of profit and loss in the company on their
individual tax return.
Colorado “Limited
Liability Companies” are formed for:
-
Protection from personal liability for business debts
-
Perpetual existence, so the LLC continues even if an owner dies
or leaves the business
-
Pass-through taxation
that allows owners to report profit and loss on
their individual tax returns
-
Owners not
needing be U.S. citizens or permanent residents
-
LLCs not needing hold annual meetings or record meeting minutes
(though we recommend it)
Colorado Filing
Requirements:
-
The state does not require a business address located in
Colorado.
-
The state typically completes filings within 1-2 business days.
-
We can submit your LLC formation directly to the state without
your signature.
Incorporate in Colorado
Business owners form corporations to safeguard their personal assets
from business debts and liabilities. A properly formed and managed
corporation can give you the freedom to conduct your business
without worrying that you might lose a home, a car, or any of your
personal savings because of a business obligation.
Colorado
“Incorporations” are formed to:
-
Not
limit
to the number of C Corporation shareholders, who need not be
U.S. citizens or permanent residents
-
Protection from personal liability for business debts
-
Perpetual existence, so the
corporation
continues even if an owner dies or leaves the business
Colorado Filing
Requirements:
-
The state
typically completes filings within 1-2 business days.
-
We can form
your for-profit corporation directly with the state without your
signature.
-
We can also
help you form a nonprofit corporation with the Secretary of
State.
Ready to protect
your personal assets?
Get Colorado Business Licenses
You
must satisfy Colorado’s license requirements before your business
can legally begin to operate, with the right permit, and tax
registration requirements. All state, county, and local governments
require businesses to obtain one or more licenses and permits.
Additionally, selling taxable goods and services or hiring employees
requires that you register with tax authorities. All business
license, permit, and tax registration requirements vary by your
industry and location.
Examples of possible licenses required in Colorado:
If
you want, RMD can research your licensing requirements!
Creating a Colorado Doing Business As (DBA) Company
In
order to operate a business under an alternate name, it must
register its "Doing Business As" (DBA) name with the appropriate
state, county, city, or town government. For example, Donald Daniel
might register "Daniel Heating and Plumbing" as a DBA. Likewise,
"Alice's Hand Bags, Inc." might register the DBA, "Alice’s Bags."
Corporations and LLCs often file DBAs to market a separate product
or service.
Most
local government offices refer to a DBA as a "trade name," "assumed
name," or "fictitious name." In any case, a DBA name allows your
business to operate under a name other than its legal name.
Get the Facts About Colorado DBAs:
RMD
can
help you register your DBA?
A review of our
sample engagement agreement will
provide details about the scope of services offered.
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