Currently we find new artists (who are shareholders and purchase their share for $50 when they join. that $50 is refunded to them when they leave) by accepting applications from our website or from artists who come into the gallery, we also find new artists at art fairs. We would like to post a... Read more »
Colorado business can be for-profit, not-for-profit, or a benefit corporation. For-profit corporations and benefit corporations can invite folks from the public to become shareholders, but must obey some fairly complicated rules about advertising stock, publishing a prospectus, and following... Read more »
I have a Nevada LLC and I want to move it to Colorado where I now live. I want to preserve the company history, EIN, etc. so not start a new LLC but just migrate it to a new state. What's the best way to do this? I heard creating a new LLC in Colorado and merging the Nevada one into it, but... Read more »
Yes.
You can create a new CO LLC and have that LLC acquire the NV LLC. Then merge the two with the CO LLC surviving.
Or
File a foreign registration in CO for the NV LLC. Then convert the CO foreign LLC to a domestic LLC.
Dissolve the NV LLC.
That moves... Read more »
I formed an LLC for Photography and it's only me, am I required to get Workers Comp or can I save that?
No, not required.
The fact that you're a beneficiary of a trust will not affect your eligibility to apply for a MED license.
The three of us are all small business marketing coaches, working under individual DBA's and or LLC's. We want to know how best we can merge our resources together into some kind of partnership, business or entity. We're unsure what the best approach is considering the various... Read more »
Justia is a wonderful free online legal forum established to allow members of the general public to ask general legal questions to experienced lawyers who volunteer their valuable time to do so. Your important small business question is much to important--and too complicated--to be solved online.... Read more »
My lender is requiring a statement of authorization as my property is owned by my holding company which is a LLC which is wholly owned by myself. They want me to have a certificate of authorization recorded by the county. I don't know which county to file it with and also what this... Read more »
It's filed in the county where the property is located. It's the document that verifies that you have the authority to act on behalf of the LLC. Just because you own it does not automatically mean you have the authority to make decisions on behalf of the LLC. Notary's county does not matter.
I went on the Colo Sec State site and do not see renew option for my trade name, just the ability to correct info for historical purposes.
Curious about penalties? Thank you.
Only if you are doing business under a different name than that of your LLC articles of organization.
Part of the awning and cement steps in the original established main entrance to the building (built in 1928), encroach slightly on the line for public right-of-way. As far as I know, the steps and cement awning were part of the original construction in 1928. In my pre-application, the city... Read more »
They can require anything until you challenge their authority. You're going to want to get an attorney on this one. Good luck.
I want to do business in the State of Nevada with an incorporated company in Colorado. Is the process as simple as applying for a tax license in Nevada? I plan on registering as a boxing manager and I want to do things properly.
File on https://www.nvsilverflume.gov/home to operate as a foreign entity in NV and check local licensing requirements for counties and cities.
That will allow your CO business to operate in NV lawfully.
No. The collection of sales tax only applies if you are selling goods.
Nothing was signed or stated prior discussing anything about selling the business. And if I can legally sell my part of the business w/o his consent would I then have to give him half of the money I sold it for if we got a divorce - were in Colorado
Technically you could sell your ownership interest as there is no restriction because there is no operating agreement.
Colorado is an equitable separation state so it's not automatically 50/50,but yes the cash or the ownership of the entity would both be marital property subject to... Read more »
Back taxes for 2 separate corporations that were started in Montana. Seeking a lawyer in Denver Colorado as that is where the i currently reside. Does the sought out lawyer in Colorado need to have jurisdiction in Montana in order to help me?
Tax is not restricted to only attorneys that are licensed in the state. I have cases in about 10-11 different states. I'd have to go count them to be sure.
A Colorado attorney can help you with this issue.
I am from Colorado. I am purchasing an existing company in TX. That company will be manufacturing product in TX and I will have a partner there. The product will be built and shipped from that third party manufacturer to likely all 50 states. My question is when purchasing the company, can I set up... Read more »
Generally the best approach is to register in the state of operation. Also be aware you will pay income taxes to CO regardless of where you set up the LLC because an LLC is a passthrough entity and you are a CO resident.
You need to retain a business/tax attorney that can advise you on the... Read more »
It’s a partnership llc
Partnerships must file a Form 1065 each year regardless of income or loss. If you don't have an EIN yet you can simply write "Applied For" on the EIN block. You should get an EIN as soon as possible.
Looking to buy land/develop homes for a business. Have multiple friends involved. Can one of us get the mortgage and then right up a contractual agreement between us to hand out ownership %'s? So for example, the person with the strongest credit gets the mortgage/loan to build and they own... Read more »
It's theoretically possible, but there are some complications. Most deeds of trust have a "due on sale" clause. This means that if you transfer an interest in the land to your partners, the lender can call the loan. You should disclose all material facts to the lender and get written... Read more »
I Live in an apartment In Aurora Co For About 2months Now. Its HORRIBLE! I Pay $1071 a Month To Sleep, Eat, Bathe, With Cockroaches. Its So Bad Maintaine Has Tyo Come Out Every Monday To Spray everybodys Home. but they Dont Do Anything But Agitate The Bugs And Make Them Attack. So I Turn Down The... Read more »
This is a landlord/tenant issue and you posted it in business formation.
You'll get a faster answer if you repost in Landlord/Tenant.
Thanks
In the contract it states that we should be given 48 hour notice if the General Contractor decides to go with a different company. (So we are allowed to remove our material or get paid within 48 hours so they can keep it) Well they gave us notice at 4:15pm and had workers on our job site the next... Read more »
Maybe. In a technical capacity yes it's a breach. The next question becomes is it material. is there a time clause? If the contract doesn't say time is of the essence then the times are more like guidelines and breaking them becomes an immaterial breach. A no harm no foul sort of... Read more »
Both businesses will be new businesses. 1 business is a staffing agency and the other is a errand service company. The errand service company owner lives in another state. The company will, however start in Colorado first.
To find a paring you will need to meet with a lawyer who can listen to your needs and concerns. Expect to pay for the attorney's time. Be aware that you can contract for advice and filing OR just advice (the far cheaper option for most attorneys). The basic options include separate businesses,... Read more »
The partnership owes no back taxes. I personally bought all the equipment, supplies. My partner will become my employee. The split/change is amicable, with no disagreements to ownership, naming, clients, or anything else, and we will still be working as usual. I don't know whether to dissolve... Read more »
Sell the partnership (assets and membership/profit interests) to you as an individual for whatever price is deemed fair by all, But consider an LLC, which protects personal assets, as an alternative to a sole proprietorship.
Here is the link to the Sec. of State's webpage: http://www.sos.state.co.us/pubs/business/businessHome.html . Review the "Information Resources" (top left). Your local library should have books on incorporation (make sure they cover Colorado). You can also contact an attorney, who... Read more »
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