Esign Legal Colorado Startup For Sole Proprietorship Forms For Free

Although you don't need a sole proprietorship license to do business in Colorado, you may need a professional or occupational license. A number of professions, such as counselors, require those. Go to the Colorado Professional Licensing website to see if your occupation needs a professional license.

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Sole proprietorship (sole props) are businesses that just one person runs without registering a business in Colorado. This is a common way many people's passions and hobbies start. A person makes something to sell or helps out friends with their expertise in a particular area, that's a sole-proprietorship!

A sole proprietorship is a business owned and operated by a single individual. There are few legal requirements to be met to establish a sole proprietorship.

There are also no fees involved with forming or maintaining this business type. If you want to operate a Colorado sole proprietorship, all you need to do is start working. However, just because it's so easy to get started doesn't mean there aren't some additional steps you should take along the way.

Though no action is required to legally create a sole proprietorship, you should follow four simple steps to start your business: Choose a business name. File a Statement of Trade Name with the Secretary of State. Apply for licenses, permits, and zoning clearance. Obtain an employer identification number (EIN).