A Small Business By Any Other Name….
The U.S. Small Business Administration (SBA) has recently changed the parameters of what it considers a small business for 34 different industry groups. This was a way for the SBA to allow more businesses to qualify as federal contractors and expand that universe. Under the Small Business Jobs Act 2010, the Small Business Administration is required to review its size...
American Jobs Act and Colorado Small Business Formation
In 2011, President Obama unveiled the American Jobs Act, most of which has been approved by Congress. Key to the Act are tax cuts to help small businesses as well as incentives for entrepreneurs to start their own business. This is positive news for all of you who have been thinking about following your dreams and start the ball rolling...
Capital$ in Colorado
This is a rundown of some innovative Colorado start-ups and entrepreneurial businesses that have successfully raised venture capital in the past few weeks. Fort Collins-based VanDyne SuperTurbo has raised $8 million to grow and hire more employees. VanDyne currently employs 13 people. Inspirato reports that they have raised $20 million for Institutional Venture Partners of California. Inspirato is a Denver luxury destination...
C Corp: A separation of Individual and Company
Another option for your Colorado business formation strategy is registering as a C Corporation. With this option the corporation is considered a legal person, thus, any actions that the corporation takes, generally speaking, does not create liability for its officers, directors, or shareholders.  For instance, any lawsuit that may arise against the business is solely a lawsuit against the business...
Get a Jump on Your 2012 Denver Small Business
Denver Mayor Michael Hancock unveiled his one-year strategic economic development plan, called JumpStart 2012. The goal is to "create world-class opportunities" for Denver's businesses, residents and neighborhoods. Under this plan, the Denver Office of Economic Development (OED) will undertake seven strategic initiatives, or “pillars,” including: Business Retention – Retain and strengthen Denver-based companies. Small Business Advocacy – Create an environment...
“S” Stands for Smart: S Corp
There are a lot of choices in Colorado business formation when you start thinking about setting up your company.  One of these is the S Corporation, which has a special tax status from the IRS. For non tax purposes, it is no different than a C Corporation. Yet unlike the C Corp, which has a double layer of tax, an...
Time for the Tax Tango
As we celebrate the New Year with thoughts of bright new beginnings and ideas for your Colorado business, our thoughts naturally come to taxes, especially if you are, or plan to have, your business on the calendar tax year. Because as someone famously said, just like death it is the only other thing we can count on happening, so why...