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Category: Business Planning

Business Planning

Do These Four Things When Starting Your Business

Do These Four Things When Starting Your Business

Getting off on the right foot is crucial with everything in life. Starting a business is no exception. As you’re beginning the process, or if you’ve already begun, please keep these four things in mind. 1) Choose the Right Entity If you’re a sole proprietor, in a partnership, an LLC, or a corporation; it’s important to understand the nature of each business type and choose the right one for your business.  Each one is distinctly different, and they each have different formation and…

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Colorado’s Digital Privacy Law

Colorado’s Digital Privacy Law

Colorado’s Digital Privacy Law On September 1, 2018, the Colorado Protections for Consumer Data Privacy law, went into effect. The Privacy Law is part of the Colorado Consumer Protection Act (“CCPA”), and will help protect personal data. It you’re a business owner who collects the following Personal Identifiable Information (PII), you’ll need to adapt your processes and procedures to not only protect their customers but yourself. Use the list below to help you decide whether or not the new law…

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Employee New Hire Punch List

Employee New Hire Punch List

Before you hire a new employee review this list. Taking on a new employee can be an arduous process at first; however once you have your systems and procedures in place, taking on new hires will be a piece of cake. If you already have employees use this list to make sure you don’t get dinged by the tax man or the labor board. Obtain an EIN#. Go to https://www.irs.gov/businesses/small-businesses-self-employed/employer-id-numbers Register with Colorado’s labor department. You will have to pay…

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Registering a Trademark in Plain English

Registering a Trademark in Plain English

Registering a trademark will add value to your company, and give your business certain intellectual property rights. Below is an outline of the trademark registration process. 1) Research First, thoroughly search on the United States Patent and Trademark Office website (USPTO), to find out whether or not there is an existing trademark or a pending registration which is similar to yours. This includes searching for variations of the words, or related words, or trademarks.  If it appears that your potential…

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Business Mistakes To Avoid (infographic)

Business Mistakes To Avoid (infographic)

Quite often during the start-up or day to day operation of a business, owners and managers are too busy, trying to generate new business, earn income or keep their customers and clients happy. Many times, during the course of growing and maintaining a business legal matters are overlooked.  Below is an infographic containing some of the more common business legal mistakes. These include, choice of entity, a formal agreement, an exit strategy, employee guidelines, intellectual property, outside investors, paying taxes,…

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