Starting a business is risky, but understanding the risks and reducing them through careful planning can improve the chances for success. It’s wise to be fully aware of the implications of owning your own business, including the affect it will have on you and your family. We recommend that you carefully analyze your reasons for starting ahttp://coloradodemography.github.io/contact business, and ask yourself how it will fit with your family and your lifestyle.
Ask yourself the following questions:
Decide upon the legal structure of your business, choose a business name and register your business with the appropriate city, state and/or federal agencies. Sole proprietors, general partnerships and unincorporated nonprofit associations are registered with the Colorado Secretary of State at coloradosos.gov. Refer to the Legal Structure and Registration section of this book.
If your business will be selling, renting or leasing tangible personal property, you must obtain the proper state sales tax license from the Department of Revenue and determine if a separate local sales tax license is also required. Sales tax licenses are also required if you rent accommodations for less than 30 days. For more information, refer to the Colorado Sales Tax section of this book.
This guide is only the first step. It outlines the basic information you need to start your business. This checklist can be used as a guide as you start your business.
Colorado Business Development Foundation
info@coloradobdf.org
www.coloradobdf.org
Small Business Navigator Hotline: 303-592-5920
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All information within this resource book and website is for informational purposes only and is not intended to be legal, tax, business or other professional advice. It is current to the best of our knowledge as of the date of publication. You should contact an appropriate professional to discuss any issue particular to you or your business and only rely upon your own research into those issues. Use of and access to this resource book or the associated website does not create any relationship between the publisher, authors, and the reader, or any other individual or entity. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAWS, THE MATERIALS AND INFORMATION IN THIS RESOURCE BOOK AND WEBSITE ARE DISTRIBUTED ON AN "AS IS" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE.