Virtual General Counsel LLC
Helping Startups And Complex Business Clients Services Throughout Denver And The Surrounding Areas
Phone: 303-395-0259 Toll Free: 800-229-1646

Posts tagged "Business Formation"

Is your small business a 'micro-business?'

You may have heard the term "micro-business" and wondered how that type of enterprise differs from a small business. Basically, micro-businesses are a subset of the small business community. However, there's are no precise or agreed-upon criteria for a micro-business.

When might you want to set up an S-corp?

Many business owners choose to set up their business as a limited liability company (LLC) because it allows them to report and pay their tax obligation along with their personal return. Business owners also like that an LLC comes with built-in liability protection that keeps potential creditors' hands off their assets. It's not uncommon for many business owners to decide to form other business entities to minimize their tax burden. An S Corporation is a typical formation that business owners select.

Jointly owned businesses may benefit from a founders agreement

Many small startups in the Denver area are born out of the contributions and ideas of several individuals. In most cases, the co-founders of a new business agree on many critical principles at first. However, disagreements can arise over time, putting the business at risk of failure.

Business formation -- the pros and cons of corporations

One of the earliest decisions you will make during your business formation efforts is choosing its legal structure. While it may sound like a relatively simple step, the structure you choose now will influence your business activities going forward. Making an informed decision about your structure early on will save you from problems later.

Business formation: Simple tips for new business owners in Denver

Owning a successful small business is a dream many Denver residents have in common. You get to decide how much or how little you work while remaining in control of your future. This all sounds wonderful, but the success or failure of a new business cannot usually be predicted.

Explore the potential downsides of buying a franchise

Recently, this blog featured a post discussing why someone might choose to buy a franchise. While the benefits of choosing a franchise are many, it is also wise for those looking into business formation to learn about the possible disadvantages of owning a franchise. First, a very brief outline of some advantages associated with franchise ownership.

Protect your business and yourself

When you are developing your new business, you have a lot on your mind. Perhaps you are putting the finishing touches on an invention, or working out the logistics for your new service. You may need to buy or rent a space, hire employees and take care of endless details. Hanging over all this are your considerations and worries about your potential customers.


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7900 E Union Ave
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