Welcome to Hasan Blog

A sole proprietorship is an entity owned and operated by a single individual.  This is often the simplest business formation option in Colorado, as there are no formal filing requirements. It is also the most often formed business operation. One has merely to register the name as a trade name if it is not the first and last name of the owner.  There are, of course, some issues to be aware of if you choose to go the sole proprietor route instead of, say, the S Corp or even the LLC:

• The owner is personally liable for all of the business’ debts and liabilities. If a loan is involved, it will be the personal liability of the owner of the sole proprietorship, setting aside the issue of personal guarantee. If the owner is not able to meet his or her obligations on the loan, the bank may come after the owner’s personal assets (i.e. personal bank account, house, etc.)
• On the legal side, any lawsuit...

The Colorado Public Employees Retirement Association (PERA) has defined a strategy where they will invest in venture capital or private equity linked to Colorado. They have just issued an RFP for a private equity manager to run $25 million to $50 million in an in-state investment fund. PERA has $38.3 billion in its defined benefit plan, with 9%, or 43,4 billion allocated to “alternative investments” such as venture capital.

PERA Sees the Light

This is great news for the innovative Colorado startups, LLCs, S Corps and C Corps out there who are looking for an injection of capital. It is also great that our state’s largest pension fund (and 21^st largest in the U.S.) is seeking some homegrown  businesses to return dollars back in to Colorado. Although this strategy of setting aside money for Colorado companies is new for PERA, funding will come from cash within the existing alternatives budget.

• ...

The Economist recently published an article called “Over Regulation in America.” Its premise is that regulation established around business starts out with good intention, but become mired in endless detail...

Fast Company has a fine article out on the innovation being developed in the med-tech area in a most unassuming place: Aurora, CO. Montview boulevard in Aurora is actually host to some of the country’s top medical facilities, including the Anschutz Medical Center. Anschutz is home to the University of Colorado Medical School and Cancer Center, plus a new Veteran’s Hospital. Across the street is the Fitzsimon’s Life Sciences District, including a 160 acre biosciences park.

Colorado startups like Taiga Biotechnologies, a stem cell technologies developer, can take advantage of the relatively inexpensive facilities at Fitzsimon’s that Fast Company describes as part incubator, part garage. The founders of Taiga work across the street at Anschutz, and save loads of opportunity costs by having a facility across the street where they can work on their ideas while patching together funding from family, friends and angel investors. I...