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In addition to sole proprietorships, partnerships, LLCs and corporations, which have been discussed the past four days, there are several other entity types that may be created to do business.  The most notable are cooperatives and non-profits. Non-profits require the...

Like an LLC, discussed in yesterday’s post, an individual must file a document with the Secretary of State to form a corporation.  This document is called the Articles of Incorporation (which differs from the Articles of Organization filed by an LLC).  The filing of...

Unlike a sole proprietorship and general partnership, an individual must file Articles of Organization with the Colorado Secretary of State to set up a Limited Liability Company, commonly called an LLC.  The filing of the Articles of Organization establishes the LLC....

Like a sole proprietorship, a basic partnership is formed by default if two or more individuals begin operating a business together.  In some cases, a partnership may even be formed when that is not the intent of the individuals.  Therefore, as a word of caution if...

If you start a business by yourself and do not have any partners, in Colorado by default you have formed a sole proprietorship.  In many cases there are no specific documents needed to start the business.  However, depending on your situation there may be documents...

Many small businesses start out as sole proprietorships or partnerships.  A sole proprietorship is formed by default when a person starts a business if another form is not chosen (i.e. a corporation or LLC).   A partnership is formed by default when two or more...

As a compliment to my appearance at the Start Up Basics class taught by John Green of the Denver Small Business Development Center, the next week's posts, I will focus on the documents that a company needs.  Whether you are a sole proprietorship, a non-profit, or an...