Reasons To Do A Business Entity Search in Colorado
Setting up a business in Colorado is a very straightforward process. Regardless of what type of business you are beginning, or if you are setting up multiple companies, it is important to understand if the name of your business is available. This is particularly true if you are setting up a limited liability company. By doing a quick search on the Internet, specifically a business entity search, you can determine if someone else has already taken that name. There are many reasons for doing this, some of which refer to legal problems that can be avoided if you do not have a name that is the same, or even similar, to another business. Let’s discuss the benefits of doing this, as well as why having an LLC could be the best thing that you could do for your company.
Why The Name Search Matters
The name search is very important for a variety of reasons. First and foremost, it is going to be representative of the company that you are using in order to generate sales. Second, it is also important from a legal standpoint. If you are sued, or if someone is sued that has a similar name to yours, this could lead to potential liability issues. Therefore, as you are doing your search, have a couple of different names in mind, especially when looking for an LLC. It should be noted that the name of your limited liability company does not have to be the same as the business that you have set up. Therefore, have multiple choices available so that you can get this process done as soon as possible.
Why Setting Up An LLC Is So Important
Setting up an LLC is important regarding establishing the notoriety of your company. However, it is the legal protection that it can provide which is the most important. For example, if you have a business that is sued by a client, customer, or even an employee, the entity of the LLC is what they will be suing. All of your personal assets will not be connected directly to the business itself because of this protection. That’s why it is so important to have this set up as soon as possible, long before you begin to make sales, so as to have ample protection from the potential of litigation.
How Do You Set Up An LLC In Colorado?
To set up a limited liability company in Colorado, you will want to fill out a form that is located on the Secretary of State website. It begins with looking at the articles of organization. You should also find someone that can be a registered agent. Once you have filled out this form and submitted it, it will then be considered and eventually approved. The registered agent can be a friend, business, or a company that you are paying to provide you with the service. When filling out your articles of organization, be sure to include the name that you have verified that can be yours. You will then want to put in the physical address of the LLC. Any people that are part of your business including your members and manager should also be listed if there is somebody that is filing this for you, they should also be listed by name and address. The total cost will be $50 if you are doing this online. Also, consider submitting your operating agreement. If you do this in the state of Colorado, it is highly advisable, as it will clearly show the intent of your business which will give you more credibility.
Does It Take Long To Get This Approved?
It doesn’t take very long to get approved at all. In fact, it is very routine for businesses to not only filed a doing business as, or an LLC, and have it done in a matter of days. It’s even faster when you work with businesses that are specifically designed for this purpose. You can also ask questions, resolve issues, and take advantage of their experience by allowing them to do their job. Doing this on your own can be much less expensive, but it does come with the potential for failure. You want to make sure that all of the paperwork is filled out properly, and submitted with the proper fees to expedite this process.
If you are ready to start a business, or if you already have one, consider filing for a limited liability company. Prior to doing so, be sure to check the database of listed LLCs to make sure that yours is completely unique. If it is not, consider other names as options. This is the best way to avoid potential legal issues later on. By having a completely unique business name for your LLC, you will have ample protection from legal issues now and in the future courtesy of the entity that you create with your limited liability company.