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.
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This source explains how to file a DBA (trade name) in Colorado, including who needs to file, the process, and associated costs.
For small business professionals in CO, understanding these Colorado filing steps and eligibility rules helps ensure your business name is properly registered before operating under it.
In Colorado, a DBA is officially called a Trade Name, which allows a business to operate under a name different from its legal registered name.
For Colorado small-business owners, using a Trade Name is the official structure for brand naming that differs from the legal company name.
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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.
Most small-business insurance portfolios share predictable gaps: cyber liability (often excluded from general liability), employment practices (separate from general liability), business interruption (often capped well below actual reliance), and professional liability (excluded if not specifically purchased even when professional services are offered).
Each gap can become a six-figure claim that the owner assumed was covered. The cost of filling the four gaps is typically a few hundred to a few thousand dollars annually.
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.
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