Thinking of starting your own business? There are many legal and financial implications to owning a business, and the smartest move you can make is educating yourself. To get you started, here is a list of important steps you may need to take, along with basic descriptions of different business structures (entities) you can choose from in Colorado.
Some important steps include:
• Decide on the legal structure of your business (type of business entity), then register it and the trade name you choose with the appropriate state and/or federal agencies. (If you plan to open a business checking account you must have a trade name registration.)
• If your business will have employees, you must open federal, state, and local wage withholding and payroll tax accounts.
• If your business will be selling, renting or leasing tangible personal property, you need to obtain state and local sales tax licenses.
• Find out the personal and business tax implications of starting your own business.
• Develop a business plan and financial plan to guide your business.
• Protect your ideas, products, symbols, and logos through proper registration and maintenance.

Learning about limited liability companies

LLCs are quickly becoming one of the most popular business entities. LLCs give you the tax advantages of a partnership or sole proprietorship, but the legal protections of a corporation. But understanding Colorado’s rapidly changing limited liability company law and tax systems can be a challenge. Bradford’s 36-page booklet Forming Limited Liability Companies in Colorado gives you the inside scoop on how to create, manage and register an LLC.

Kits, stock certificates and seals
After you have selected a business structure, you must go through the legal process of establishing and running it. Bradford Publishing has specialized in legal and corporate supplies for over 130 years. We have a great selection of Corporate Kits and Limited Liability Company Kits, professionally assembled in a variety of packages to fit your needs and budget..