Welcome to your daily briefing on small business developments in Colorado. Today we're covering 5 key stories including updates on colombia small business headlines, background & context. Let's dive in.
2 stories
This LegalZoom summary explains how to file a DBA (trade name) in Colorado, including the filing steps, who should file, and the costs involved.
For Colorado small business professionals, a clear view of Colorado DBA requirements helps ensure your trade-name setup is done correctly before operating under a business name.
This source explains that in Colorado, a DBA is officially called a Trade Name and is the legal way for a business to operate under a name different from its registered legal name.
For CO small business professionals, understanding the Trade Name label helps keep branding and legal entity use consistent with Colorado requirements.
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3 stories
Buy-sell agreements among co-owners specify what happens at death, disability, or departure — but only matter if there is a funding source to actually execute the buyout. Common defects: insurance policies that lapsed, valuation methods that produce numbers no one can pay, and trigger events that include voluntary departure without a payment plan.
Without funding, the surviving owner faces a co-owner's heirs as the new business partner. Most buy-sell disputes that reach litigation are not about the agreement's terms but about the absence of a funding mechanism.
MCAs quote a "factor rate" (typically 1.20-1.50) on the advance amount, plus a daily holdback as a percentage of receipts. Translated to APR, most MCAs cost 60-150% annualized. The structure is legally not a loan, so usury caps and disclosure rules do not apply.
Cash-strapped small businesses that "just need it now" stack multiple MCAs and end up with daily holdbacks consuming most receipts. Recovery from MCA stacking is rare without formal restructuring or bankruptcy.
The federal EIN identifies the business to the IRS for payroll, federal tax filing, and bank-account opening. State tax IDs are separate, often required for state payroll, sales tax, and unemployment-insurance accounts. Some states issue multiple IDs for different functions. Using the EIN alone leaves state obligations unfiled.
State agencies catch missing registrations through cross-checks with the federal EIN database, often years later, with penalties and interest accruing the whole time.
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