How To Start A New Business In Colorado

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How to Start a Business In Colorado

Here are some steps to take to start a business in the state of Colorado.
Getting started- The state of Colorado provides a few helpful websites for getting your business started: https://www.colorado.gov/apps/jboss/cbe/start-business.xhtml andhttp://www.coloradosbdc.org/starting-your-business

1. Select your business structure.

Sole-proprietor, LLC, Partnership, Corporation, etc.  Many small business owners start out as sole-proprietors.  Find out more here: http://www.coloradosbdc.org/resources/resource-guide/legal-structure-and-registration

2. Register your business name with the state of Colorado.

Find out more about registering a fictitious name here:http://www.coloradosbdc.org/resources/resource-guide/legal-structure-and-registration

If you need help choosing a business name: 12 Tips to Help Choose a Business Name

2. Register your business with the state of Colorado.

You can find out more about registering your business with the state of Colorado here:http://www.coloradosbdc.org/resources/resource-guide/legal-structure-and-registration

4. Open a Business Checking Account.

You will need to open a separate bank account for your business with your new business name.

5. Find out about taxes and hire an accountant.

You may want to file your own taxes if you are a small company. As you grow, it will be easier to have an accountant do the work. More info about taxes here:https://www.colorado.gov/tax and http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Starting-a-Business

6.  Consider Liability Insurance.

You may need to look into liability insurance, depending on what type of business you are starting.

7. City License.

You may need to get a license to operate your business in a particular city, whether you are a resident, or not.

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