Filed under: savvy tools | Tags: business partners, LLC, partnerships, starting your own business
I’m proud to announce that on November 1, Savvy Tools will be an official business! We have decided to file with the State of Colorado as a Limited Liability Company (aka LLC). This wasn’t a quick and easy decision…believe it or not, we’ve been discussing our options and learning about the different types of entities for over 3 years! After careful consideration and a lot of conversations with lawyers and eachother, an LLC seemed to suit us best.
If you’re wanting to start your own business and not quite sure how, go to your Secretary of States Business Center’s website. It will teach you all you need to know about the different types of business organizations, trademarks, etc. We’ve learned that one of the most important things when creating a business is it’s Operating Agreement. This agreement is the foundation of your business and lists out how you intend to operate the company and is bound by the signatures of it’s partners. There are thousands of templates online to help get you started…all you have to do is be patient and committed!
Kelsey – Vail, CO
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