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February 2018 Archives

Financing advice for startup companies

Many new companies in Colorado inevitably run into the need for business loans. An injection of cash can help a growing enterprise keep up with rising demand or acquire new equipment or real estate. While startup companies generally lack the financial track record required to get a bank loan, the Small Business Administration and online lenders could provide access to money. Choosing the right amount to borrow without overextending a youthful business represents the crucial first step when seeking a loan.

Hidden costs involved in building a startup

For plenty of people living in Colorado, starting a business is a dream come true. After all, the autonomy and freedom that come with being self-employed are enviable, not to mention the ability to shape the world as one sees fit whether it's by selling scrumptious desserts or offering phenomenal customer care in the IT field.

New tax law lowers corporate tax rate on intellectual property

The Tax Cuts and Jobs Act of 2017 appears to contain good news for businesses in Colorado that earn income from intellectual property. Previously, corporations might pay as much as 35 percent in taxes on royalties from patents and other intellectual property. Tax reform has lowered the corporate tax rate to 21 percent, but the act specifies a lower rate of 13.125 percent for income from intellectual property.

Business accelerators and incubators

Entrepreneurs in Colorado who are interested in ways to expand their business may consider using business incubators or business accelerators. These two options can help entrepreneurs overcome the challenges associated with finding the money their business may need, but it is important that entrepreneurs know which one is appropriate for their situation.

Expecting new works in the public domain next year

For today's artists to be able to use the works of others freely, said works have to be in the public domain; otherwise, the works would still be protected by copyright laws. Citizens of Colorado might be surprised to learn that no new works have entered the public domain in the U.S. since 1923, according to recent estimates.