Corporate Tax in Boulder, Colorado

Find the right Corporate Tax attorney in Boulder, CO

Corporate Tax Lawyers in Boulder

In Boulder, Colorado, a "corporation" is specified as a legal entity that's separate from its owners. Therefore, from a legal standpoint, the owner of a corporation and the corporation itself are not the same "person."

This rule is called "corporate personhood." Essentially, under the law of Colorado, corporations are, in many ways, the same as individual human beings. Therefore, corporations have some of the same legal rights and obligations as actual people.

An discernible example of this concept is a corporation's obligation to pay income taxes similar to how an actual person would.

Corporate Tax Rate in Boulder, Colorado

Every corporation in the United States is obligated to pay federal income tax. Most states also have a corporate income tax, which corporations doing business in Boulder, Colorado are obligated to pay.

Under the federal tax system, and the tax laws of several states, corporate income is taxed at a different rate from the income of individuals. For instance, the top federal income tax rate for corporations is 35%, compared with 33% for individuals. The highest tax rate applies to corporations making more than .3 million per year. The lowest corporate tax rate is 15%, applying to those corporations that make less than ,000 per year.

There's also a good chance that the tax rate applicable to corporations in Colorado differ from the individual tax rates. Some states feel that the best economic policy is to attract as many businesses as they can. Therefore, in some states, the corporate tax rate is lower than the individual tax rate.

Whatever their legal tax rate, all corporations in Boulder, Colorado are obligated to comply with state and federal income tax laws. Failure to pay income tax can be punished by massive fines, which can occasionally prove financially ruinous.

How Can a Boulder, Colorado Corporate Tax Lawyer Help?

Many larger corporations have lawyers and accountants who guarantee that they are in complete compliance with both state and federal tax law.

As most business owners know, however, the majority of small Boulder corporations can't afford to have attorneys on staff full time. Therefore, if you run a small corporation, and are confused about the corporate tax issues that may affect you, it's a very good idea to retain the services of a Boulder, Colorado tax attorney immediately.

Talk to a Tax Law Attorney now!

Life in Boulder

Boulder, Colorado is the county seat of Boulder County, and it is also the largest city in that county. It has a population of just under 100,000 people.

Boulder is considered one of the most liberal of Colorado's larger cities, and was a major destination for participants in the counterculture movement in the late 1960s. This legacy affects its culture to this day.

The culture of Boulder, Colorado is driven by outdoor activities, such as rock climbing, Ultimate Frisbee, hiking, skiing, and many others. It is also home to a major film event - the Boulder International Film Festival.

Many successful professionals, such as lawyers, have relocated to Boulder, to take advantage of its growing economy, job opportunities, and unique culture.

If you are a resident of Boulder, Colorado, and need legal advice, there's probably a Boulder, Colorado attorney who's right for you. A Boulder, Colorado attorney can help you with almost any legal issue you're likely to face.

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