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When incorporating your small business, the name of your corporation must comply with the rules of your state's corporation division. You should contact your state's office for specific rules, but the following guidelines generally apply.
Your state's corporations office can tell you how to check if your proposed name is available for your use. Often, for a small fee, you can reserve your corporate name for a short period of time until you file your articles of incorporation.
Types of Ownership Structures
Learning about the various types of legal structures available for your business: corporation, LLC, partnership and sole proprietorship.
To decide on an ownership structure for your small business, you must learn about how each structure works. Here are the forms of doing business:
Boulder sole proprietorship
CO partnership
Boulder limited partnership
Colorado limited liability company (LLC)
CO corporation (for-profit)
Colorado nonprofit corporation (not-for-profit)
Boulder cooperative.
Corporations and LLCs make sense for business owners who either 1) run a risk of being sued by customers or clients or run the risk of piling up a lot of business debts, or 2) have a good deal of personal assets they want to protect from business creditors.
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