You’ve decided to open a business in Colorado. Where do you start?
With so many different types of businesses, each with their own advantages and disadvantages,
how can you decide which business type is best for you? Click and Inc has gathered
together information on several different types of businesses so that you have the
information you need to make your decision. Whatever type of business you would
like to form, Click and Inc can help!
C Corporation in Colorado
When you incorporate in Colorado, you will form a C corporation by default. This
type of entity is able to be owned by any number of shareholders, which can be either
individuals or other business corporations.
Review further information on starting a Colorado C Corporation.
S Corporation in Colorado
In order to form an S corporation, the steps are the same as for a C corporation;
however, after the corporation is formed, you will then file the S corporation election
form with the IRS. This will allow you to operate as a pass-through entity, meaning
that gains and losses can be reported on the individual owners’ tax returns.
Take a look at more information on forming a Colorado S Corporation.
LLC in Colorado
An LLC is a type of incorporated business that has a lot of flexibility at the Federal
level; it can be a single-member LLC or a multiple-member LLC, and each of these
LLC type has options as far as its chosen tax structure.
For more information, take a look at our information about forming a Colorado LLC.
Foreign Corporation in Colorado
If your corporation or LLC was incorporated or organized in a different state but
you wish to expand business into the state, it’s likely that you’ll be required
to file as a Foreign Corporation in Colorado first.
Learn more about forming a Colorado Foreign Corporation.
Nonprofit Corporation in Colorado
Nonprofit corporations are filed at the state level. Many nonprofits formed for
charitable, scientific, religious, or other specific purposes go on to apply for
501c3 status from the IRS, allowing them to take tax-deductable donations and take
advantage of other important benefits. Click and Inc can help you with both the
state and Federal 501c3 nonprofit filings.
Take a look at more information on forming a Colorado 501c3 Nonprofit Corporation.
Trade Names in Colorado
A DBA, or Doing Business As, is known as a Trade Name in Colorado; it is good for
a period of one year. A Trade Name is an unincorporated entity. Regardless, it is
also filed with the Secretary of State’s Business Division.
See how ClickAndInc.com can help you with your Colorado DBA.