What is a business without a name? Some of the biggest business names world-wide conjure up products or services that are, "household names." In fact, it could be said that name recognition is a cornerstone of a successful business enterprise in Colorado. Therefore, it is important to choose a name that is unique.
As the old saying goes, "It takes money to make money." Many small businesses need financial resources to get their business off the ground. There are two general choices for funding a small business: debt and equity.
When a person in Denver sits down and makes plans to establish their own family business, the idea that they will eventually leave the business may not cross their mind. However, succession planning can be made part of the business formation process. Having a succession plan in place from the get-go can help ensure the family business is left in the hands of the right person.
When two people in Denver partner to start a business, it is often with the anticipation that the enterprise will be lucrative for years. However, no matter how well the partners work together or how successful their business, life has a way of throwing a curve ball.
Many people in Colorado have an entrepreneurial spirit, and this is good for the state's economy. However, it takes more than just a novel idea to get a business off the ground. There are certain requirements that must be met in order to establish a lawful business in Colorado.
Setting out on the entrepreneurial path and starting your own business is a thrilling venture. With all the excitement and hope, however, come necessary steps and crucial decisions. The formation of any business hinges on a solid foundation, and the legal elements of the business are a part of that.