Incorporation of a New BusinessSale of Business crop sm

Establishing a business entity for a new or existing enterprise is a major step in establishing a foundation for the future. The Andersohn Law Office, PC seeks to establish
long term relationships with business owners for establishing, operating, and selling businesses throughout Colorado.

Why Incorporate?

One of the greatest benefits of incorporation is it limits liability for the owners. The debt or liabilities of a corporation should not expose the business owner’s personal assets to liability.
When starting a business always consider the following:

  • Incorporate or form a limited liability company to protect your personal assets.
  • If you have a business partner, always have a buy-sell agreement to resolve up-front what happens if a business partner becomes disabled, retires, dies, or wants to sell his or her interest.
  • Always watch the money. Sign your own checks and review quarterly and annual financial statements.
  • Hire an independent CPA to complete income tax returns and prepare annual financial statements.