This guide provides Colorado designers forming LLCs with a clear understanding of their 2026 tax obligations. From federal income tax to Colorado's unique flat tax, we'll break down everything you need to know. Discover design-specific deductions and avoid common tax mistakes to keep your studio financially healthy. Let Lovie handle the complexities of formation and compliance, so you can focus on creating.
As a designer LLC in Colorado, your tax structure depends on your elections. By default, a single-member LLC is taxed as a sole proprietorship, and a multi-member LLC as a partnership. You can elect to be taxed as an S-Corp or C-Corp for potential tax advantages. S-Corp election can help reduce self-employment tax, while C-Corp may be suitable for attracting investment, but involves double taxation. Choose wisely based on your studio's financial goals.
Start your formation with Lovie — $20/month, everything included.