FAMLI Program Rollout Attention small business owners in Colorado: the new Family and Medical Leave Insurance (FAMLI) program began on January 1, 2023. First payments are due by April 30th, 2023. FAMLI is a state-run program providing wage replacement benefits to employees who need to take time off work to care for their family. Benefits can be used for taking care of a new child, or looking after a family member who has a serious illness. Colorado FAMLI Program: How…
Starting an LLC: An LLC is a legal business entity that has the benefits of both a corporation and a partnership. It has the pass-through taxation of a partnership, but provides personal liability protection like a corporation. The Limited Liability Company (LLC) is the most flexible types of entities for business owners in Colorado. A Colorado LLC provides you with personal liability protection and keeps your profits “passed through” to your individual tax return, which means you can take any…
What are Blue Sky Laws? The Colorado Blue Sky Laws are a set of regulatory laws. They govern the sale of securities and investment in Colorado. The term comes from the phrase “blue skies,” meaning “honest and open.” The US Securities Act of 1933; one of the first blue sky laws enacted by Congress to protect investors from fraud and misrepresentation. It requires all companies issuing securities to register with the SEC before they can sell them publicly. These laws…
What’s the New Colorado Law? The Colorado Business Fee Relief Act, came into effect on July 1, 2022. The law reduces fees for Colorado business filing and lowers the cost of certain business filings to $1. The new law will help small businesses by reducing fees. This will make it easier for Colorado businesses to start up their business without having to worry about the costs associated with filing fees. Supporting Colorado Small Businesses The COVID health emergency in March…
Moving to Colorado? If you, a friend, or a family member have recently moved to the Centennial State, and you’re wondering what to do with your LLC, look no further. I have your answer! You can do one of three things: you can register it as a foreign LLC; dissolve it and start anew; or create a new LLC and merge it with the old one. Keep It As A Foreign LLC A foreign LLC is one that’s registered in…