Some of the most valuable assets that are owned by Colorado companies fall under the category of intellectual property, or IP. There are four different kinds of IP, and a company may need to take action to protect all of them. Copyrights, trademarks, patents and trade secrets can all be protected with legal licenses and an IP management plan.
Protecting a company's intellectual property
Tips for starting a small business
Colorado residents who are starting a small business for the first time should keep a few points in mind. One is that they can start the business even if they do not have much capital at the beginning. People have started businesses in all kinds of financial situations including after losing their jobs. There are a number of low-cost or even free resources available to new business owners.
The advantages of a limited liability company
Choosing the appropriate legal structure for a new business venture is a decision that entrepreneurs in Colorado and around the country often find difficult. Corporations shield the personal assets of shareholders from business-related litigation, but they also require entrepreneurs to maintain detailed records and may lead to higher tax bills. Limited liability companies protect assets in the same way as C or S corporations, but they are less complicated to set up and do not require annual shareholder meetings or a board of directors.
Strategies for developing a successful business
Many young entrepreneurs are eager to start their own businesses in Colorado, but doing so takes more work than some of them understand. Before taking the plunge, they need to learn patience, planning and other skills. They can also implement several strategies to take their businesses to the next level.
