Colorado is a great place to start a small business. Not only is the weather great (pleasant summers and ski-fun winters), but the business climate is appealing too.
Once you start a business in Colorado, you’ll need to think about the business structure you want for your company. If you do nothing, it will be a sole proprietorship. And while that’s the easiest business structure to have, it leaves your personal assets vulnerable.
Better options include incorporating or forming an LLC in Colorado. We’ll cover corporations in another post; for this one, we’ll talk about Limited Liability Companies (LLCs). Before we talk about what it costs to form an LLC in Colorado, let’s go over some general information.
What Does a Colorado LLC Look Like?
An LLC has similarities to both corporations and partnerships: it’s got the limited liability features of a corporation with the flexibility and tax benefits of a partnership within the state of Colorado.