Colorado Legislature Passes Bill to Establish 'Artist Corporations', Awaiting Governor's Approval
Colorado is on the verge of becoming the first state to introduce a new corporate structure specifically for artists, known as the Artist Corporation or A-Corp. This initiative, which originated from a TED Talk by Kickstarter co-founder Yancey Strickler, has successfully passed through the state legislature and is now awaiting the signature of Governor Polis to become law. The A-Corp is a type of limited liability company (LLC) designed to provide artists with a business framework that allows them to share ownership of their work and set clear rules for its use and income distribution. A key feature of the A-Corp is that artists maintain at least 51% ownership of their creations, ensuring control remains with the creators. The bill has sparked discussions about how it differs from existing LLC structures, with proponents highlighting its unique intellectual property protections. The law could potentially have far-reaching effects, as Colorado permits individuals from outside the state and even internationa... 
