Q1. Where can I find information on beginning a business in Colorado?
A1. Several resources are available from the Secretary of State’s website for an individual who is planning to begin a business in Colorado. See the "Help and Resources" section of the Business home page.
Additionally, you can access valuable information from the State of Colorado’s official website, Colorado.gov, as well as the federal government’s official business website, Business.gov.
Finally, consult with a knowledgeable professional, such as an attorney or an accountant, who can provide guidance in answering important questions, such as the best type of entity for your situation or the tax implications associated with a certain entity type.
Q2. I want to begin a Sole Proprietorship or General Partnership. What do I need to do?
A2. The trade name of a sole proprietorship or a general partnership can be registered by filing a Statement of Trade Name with the Secretary of State's office. Filing a Statement of Trade Name creates a record of the name of a sole proprietorship or a general partnership.
Information regarding starting a business can be found in the "Help and Resources" section on the Business Home page. For information regarding state taxes and state sales tax licensing, contact the Colorado Department of Revenue, www.colorado.gov/revenue. For information regarding federal taxes and obtaining an employer identification number (EIN), contact the Internal Revenue Service, www.irs.gov.
Q3. How do I form an S corporation or C corporation?
A3. S or C corporation status is determined when filing with the Internal Revenue Service (IRS), www.irs.gov. Questions should be addressed to the IRS or your legal, business, or tax advisor(s) or the IRS.
Q4. How do I obtain a business license?
A4. The Business Division of the Secretary of State’s office does not issue licenses. Some licenses are issued at the Colorado Department of Revenue or Colorado Department of Regulatory Agencies. Other licenses are issued through your local city or county offices.