Legal Services for Startups & Savvy Businesses in Colorado

business formation

Questions to Answer When Starting an LLC

Creating an LLC is easy. In Colorado, with a computer, an Internet connection, and $50, you can set up your business in about ten minutes. The only information you need to provide are the name and address of the registered agent, the principal place of business, and information about the person filing the articles of […]

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What Documents Does an LLC Need?

Frequently, clients ask me what kind of documents they’ll need when they’re forming an LLC. The simple answer is that it depends on what type of company the LLC is going to be. There’s a misconception that forming an LLC is tantamount to acknowledging that your company is always going to be small. That’s rubbish. […]

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Delaware vs. Colorado Corporation: What Makes Sense for My Business?

Delaware vs. Colorado Corporation: What Makes Sense for My Business?

(Updated June 14, 2017) If you’re in the startup world, you may be at least vaguely aware that most hugely successful startups are Delaware corporations. Indeed, there are many smart people who say this is the only right answer to the question, “What type of entity should I form for my startup?” I don’t think this is true, however. There […]

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Corporate Governance for Small Businesses

Well-run businesses have processes that work. Those who run the company have put thought into the processes. They’ve studied them, documented them, and formalized them. They leave no doubt about who made each decision and when. They leave a trail of evidence that supports the reasonableness of each decision and the methods that the company […]

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Starting a Business 101: What Is an LLC?

The limited liability company (LLC) was first adopted by Wyoming in 1977. It is a business structure has only become commonplace across the country in the last twenty years. But today, it is the most popular business entity in most states. It provides its owners the same liability protection that corporations receive while allowing its […]

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Small Corporate Trick: Consent to Action without Formal Meeting

Many small businesses that are on the fence of whether to form a corporation or an LLC decide to form an LLC because it’s easier and requires less upkeep. And while it is true that there are additional formalities associated with incorporation, they needn’t be overly burdensome for the small company without tremendous resources. One […]

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Five Documents You Should Have When You Incorporate

Technically, to form a corporation, you only have to file articles of incorporation (or a corporate charter) with the secretary of state. But if you want to operate as a legitimate business that engages in regular transactions with customers to make money, you’re going to need a little more. Here are the basic documents that […]

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Five reasons Why You May Not Need to Incorporate (yet)

I’ve read lots of articles about the reasons why a business needs to incorporate. But creating a separate legal entity isn’t for everyone. Perhaps it’s worth spilling a little ink summarizing why one might not need to incorporate. 1) You are the only founder One of the most important parts of starting a business is […]

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