Welcome to your daily briefing on small business developments in Colorado. Today we're covering 10 key stories including updates on colorado small business headlines, colorado small business updates, background & context. Let's dive in.
5 stories
Colorado Secretary of State's official website, including business filings, elections information, notary public registration, charitable organizations, UCC filing, lobbyist & bingo-raffle information.
Relevant to small business professionals operating in CO.
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Relevant to small business professionals operating in CO.
Learn the steps to getting a DBA, or trade name, in Colorado. We also share details about who needs to file, costs involved, and other important information.
Relevant to small business professionals operating in CO.
Colorado Secretary of State's official website, including business filings, elections information, notary public registration, charitable organizations, UCC filing, lobbyist & bingo-raffle information.
Relevant to small business professionals operating in CO.
Colorado Secretary of State's official website, including business filings, elections information, notary public registration, charitable organizations, UCC filing, lobbyist & bingo-raffle information.
Relevant to small business professionals operating in CO.
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2 stories
A DBA in Colorado is known officially as a “Trade Name” and lets a business legally operate under a name different from its registered legal name.
Relevant to small business professionals operating in CO.
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Relevant to small business professionals operating in CO.
3 stories
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.
The federal safe harbor for estimated payments is the lesser of 90% of current-year tax or 100% (110% for higher incomes) of prior-year tax. New businesses meet safe harbor easily in year one when prior-year tax was zero. In year two, last-year-based safe harbor disappears and underpayment penalties surface.
The penalty is not large per dollar but compounds across quarters and surprises owners who thought their bookkeeper was handling it. Cash flow gets squeezed at exactly the growth point where it is tightest.
Most small-business credit cards — even those issued in the company name — carry a personal guarantee in the application terms. Default by the business becomes personal liability. This applies to most issuers including those marketed as "business credit builders.".
Owners assuming corporate-veil protection on business cards can be blindsided by personal collections actions years later. The card's branding does not match the legal exposure.
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