Talk to any entrepreneur and you’ll quickly find out that business isn’t always transparent. In an era where governments are pushing for transparency, new regulations are being enacted to ensure that businesses operate with openness and accountability. The United States is no exception, and one such significant legislative development is the Corporate Transparency Act (CTA). Enacted to combat money laundering, terrorist financing, and other illicit activities, the CTA places a spotlight on corporate transparency. Many business owners (and professionals advising…

It’s 2024 and there’s a lot for Colorado business owners to navigate when it comes to legal updates.  One of the biggest updates for this year involves a significant legislative development that directly impacts the landscape for Colorado businesses—the Corporate Transparency Act (CTA). This comprehensive guide is tailored to help you understand the intricacies of the CTA and its implications for your business. Unveiling the Corporate Transparency Act In the dynamic world of business, understanding and complying with evolving regulations…

Colorado’s vibrant business landscape is teeming with opportunities for entrepreneurs and small business owners. According to the Small Business Association’s 2022 Small Business Economic Profile for Colorado, there are 691,230 small businesses in Colorado, accounting for 99.5% of all Colorado businesses. To a small business lawyer, this means that there are almost 700,000 businesses that need to be aware of certain key legal aspects that pertain to local businesses in Colorado. Choosing the Right Business Structure One of the first…