Colorado to Introduce 'Artist Corporations' with New Legislation
Colorado is on the verge of becoming the first state to establish 'Artist Corporations' (A-Corps), a new type of limited liability company designed specifically for artists. This legislative initiative, inspired by a TED Talk by Kickstarter co-founder Yancey Strickler, has passed the state legislature and awaits the governor's signature. The A-Corp structure allows artists to maintain majority ownership of their work and provides a framework for asset management in case of dissolution. The bill aims to offer artists a business model that reflects their operational realities while ensuring control over their intellectual property.