The type of business license you need in Colorado depends on the business you plan to operate and its location. Federal, state, and local governments may all have licensing requirements. Depending on your business type, you may also need to obtain a certain license to sell certain products or services lawfully. Visit the Department of Regulatory Agencies (DORA) for more information.
All employers must report new hires to the Colorado State Directory of New Hires within 20 days of the date of hire. This requirement applies to newly hired and rehired employees, as well as independent contractors in some cases. Failure to report can result in costly penalties.
Colorado law doesn’t explicitly mandate specific cancellation policies for contracts. However, it’s generally advisable for businesses to include clear and fair policies to avoid disputes. Our business representation attorneys recommend incorporating a 72-hour rescission period clause in contracts to demonstrate good faith.