Incorporation in Colorado

Find the right Business Incorporation attorney in Boulder, CO

Colorado law allows a business to incorporate and be identified as its own legal entity. After incorporation, buying and selling property, agreeing to contracts and exercising legal rights are considered acts of the business itself and not its owners. A business looking to incorporate in Colorado must file with the Secretary of State in accordance with established guidelines.

Benefits of Incorporation in Colorado

An incorporated business enjoys certain advantages, the most important being a limit of liability for the shareholders. The most shareholders can lose is the amount they invest in the business. With unincorporated businesses, personal property of owners can be liquidated in order to fulfill the liabilities of the business. A corporation also allows creditors in the Boulder area to assess the credit worthiness of the business as a whole rather than that of its owners, allowing the business to get loans more easily. Lastly, the ownership of a corporation is divided into an abundance of equal portions or "shares" of stock. Without this mechanism, transferring ownership of a business would be impractical.

Costs of Incorporation

There are costs associated with incorporation, both short and long term. First, businesses in Colorado might be charged a fee to incorporate. Also, a corporation is taxed as its own entity. The individual incomes of owners who are paid disbursements from the corporation's earnings are still taxed as well. This is called double taxation, but it may be avoided with proper planning and assistance from a local Boulder lawyer.

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Life in Boulder

Boulder, Colorado is the county seat of Boulder County, and it is also the largest city in that county. It has a population of just under 100,000 people.

Boulder is considered one of the most liberal of Colorado's larger cities, and was a major destination for participants in the counterculture movement in the late 1960s. This legacy affects its culture to this day.

The culture of Boulder, Colorado is driven by outdoor activities, such as rock climbing, Ultimate Frisbee, hiking, skiing, and many others. It is also home to a major film event - the Boulder International Film Festival.

Many successful professionals, such as lawyers, have relocated to Boulder, to take advantage of its growing economy, job opportunities, and unique culture.

If you are a resident of Boulder, Colorado, and need legal advice, there's probably a Boulder, Colorado attorney who's right for you. A Boulder, Colorado attorney can help you with almost any legal issue you're likely to face.

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