CO DBA BUSINESS NAME

If you are the shareholder / owner of  a corporation, LLC, or other state registered limited entity, the legal name is the name on the face of the filed articles / certificate. Other than corporate state created entities,  the legal name of the owner is the personal name of the business owner or owners.  Starting business operations in () and even opening a bank account under any name other than your legal name requires a DBA filing.

Get Your CO DBA, Doing Business as, Fictitious Business Name Statement, Certificate of Assumed Business Name, Fictitious Firm Name, Doing Business As, DBA business certificate.

Colorado DBA stands for "doing business as."   Depending on the state,  governments may also use the terms fictitious business name, trade name or assumed name.  You are required to register Augusta DBA if your business operates under a name other than its legal name.

GETTING A Colorado DBA VS. INCORPORATING OR FORMING AN LLC

 

WHAT IS A <span style="font-size: 1.1em;color:green"> <div class="fa-3x"> <i class="fa-duotone fa-joint fa-3x" style="--fa-primary-color:blue; --fa-secondary-color: yellow"> </i></div>Here are some key facts, licenses, and outlook for starting a small business in Colorado: <h4>Colorado Small Business Facts</h4> <ul> <li>Over 625,000 small businesses in CO as of 2022</li> <li>99.3% of CO employers are small businesses</li> <li>Top industries are construction, professional services, retail</li> </ul> <h4>Licenses &amp; Permits</h4> <ul> <li>Business license in city/county of operations</li> <li>Seller's permit, sales tax license</li> <li>Professional licenses as required</li> <li>Industry-specific permits (food service, contractors, etc)</li> </ul> <h4>Business Outlook</h4> <ul> <li>CO ranked #4 best state for small business by CNBC in 2021</li> <li>Low corporate taxes and simplified compliance</li> <li>Access to skilled workforce and thriving startup ecosystem</li> </ul> <h4>Support &amp; Incentives</h4> <ul> <li>CO Office of Economic Development offers grants, training</li> <li>Tax credits for new hires and R&amp;D investment</li> <li>Free counseling through CO SBDC Network</li> </ul> <h4>Overview of Starting a Small Business in Colorado</h4> <ul> <li><strong>Business-Friendly Environment:</strong> Colorado has a reputation for being supportive of entrepreneurs and small businesses.</li> <li><strong>Economic Growth:</strong> Before the COVID-19 pandemic, Colorado had one of the fastest-growing economies in the U.S. with a diverse economic base including technology, agriculture, and tourism.</li> <li><strong>Population Growth:</strong> The state has seen steady population growth, which can offer a growing customer base for businesses.</li></ul> <h4>Business Registration and Licenses</h4> <ul> <li><strong>Secretary of State Registration:</strong> All businesses need to register with the Colorado Secretary of State. This can usually be done online.</li> <li><strong>City and County Licenses:</strong> Depending on the nature and location of your business, you may need additional licenses and permits from local city and county governments.</li> <li><strong>Specialized Permits:</strong> Some businesses (like restaurants or certain contractors) might need specialized permits, such as health permits or construction permits.</li> <li><strong>Sales Tax License:</strong> If you're selling goods or certain services, you'll need a sales tax license from the Colorado Department of Revenue.</li></ul> <h4>Business Outlook</h4> <ul> <li><strong>Support and Resources:</strong> Colorado offers several resources for small businesses, including the Colorado Small Business Development Center Network.</li> <li><strong>Competitive Market:</strong> With its growing economy, Colorado can be competitive, but it also offers vast opportunities for innovative businesses.</li> <li><strong>Tourism Impact:</strong> If your business caters to tourists, consider the impact of tourism seasons on your revenue.</li></ul> <h4>Tips for Success</h4> <ul> <li><strong>Networking:</strong> Take advantage of local networking events, chambers of commerce, and business associations.</li> <li><strong>Stay Informed:</strong> Business regulations can change, so stay informed about local and state requirements.</li> <li><strong>Plan for Growth:</strong> Colorado's expanding population might offer opportunities for business expansion. Have a plan in place to scale your operations if necessary.</li></ul></span> DBA

A dba "Doing Business As" is just a business name certificate you are legally required to file - i.e, you need to register your Colorado business name and obtain a business name certificate, also called a DBA.   A DBA helps you open a bank account and be legal but it does not protect your personal assets because the business entity is still a sole owner or partnership.  A sole owner and all partners are liable for all civil or financial liability that the business incurs.

WHAT IS A CO CORPORATION OR LLC

A corporation or LLC is a separate and distinct state created legal business entity - separate from its shareholders / owners.  Thus, a shareholder's / owner's assets, such as a home, personal bank account, or automobile, are not at stake if the corporation or LLC is sued and a court judgment is entered against it for civil or financial liability. 

Only the corporate or LLC assets are at stake.  If the corporation has one computer and $1,000 in a corporate bank account, that is all that can be seized.  If you register a dba and you are sued, you are liable for all business liability and creditors can go after your personal assets. Here is an example:

Business Licenses You Need to Legally Start Your Business

In a Nutshell -- Here's what you need to start:

All businesses must obtain:

• 1. A

  DBA

  Articles   On Friday, November 19, 2021 2:04:00 PM there was a question about Business Get DBA Filling Garland Tx  . The Services business category and Yoga teacher type, has   employees and located in Garland Dallas County  , TX 75040 and the business owner wants business credibility in the market as. deas XYZtch , Inc.Co Whatever name a company chooses to do business as, it requires a fictitious business name registration, which also requires a fee to be registered. Registering a fictitious business name does not protect that name nor does it protect the business owner from personal liability related to business actions as setting up a corporation does. It is perhaps a better choice to just incorporate for the same or a little higher fee because you will also have corporate protection for the business name and personal vs business liabilities. Registering a trade name allows you to create stationary and open a business bank account but you are not protected from liability. E.g. if your business has debts the lender can sue you personally to obtain a judgment vs your personal assets as opposed in the case you were a corporation where the lender could only sue the corporation directly and if the corporation had no assets the lender could get nothing.

  Colorado business License and an
  Colorado Assumed Business Name DBA.
  
• 2. All retailers and wholesalers of taxable items must obtain a Sales State Tax ID Number, also called a Colorado resellers, resale or wholesale number ID.
  
• 3. All employers, must get a CO federal tax employer number and a
  CO state employer number ID.
  
• 4. Optionally, to protect your personal assets, such as your home or automobile, from business related lawsuits or creditors, by Colorado forming an LLC
• If you want to protect your personal assets, you might consider incorporating in
  Colorado , or better yet form a
  CO LLC .
  
• CO Form LLC or
  CO Incorporating.