Colorado Governor Signs Artist Corporation Bill into State Law
On June 2, Colorado governor Jared Polis signed Senate Bill 133 , a bill that creates a new type of limited liability company (LLC) called an Artist Company, or A-Corp, report the Art Newspaper and the Colorado Sun . The new business structure is designed to help artists in the state—defined in the bill as “individuals that create works of authorship or artistic expression comprising written, oral, visual, graphic, literary, musical, audiovisual, digital, or performing art in any medium”—set up their own business while ensuring they retain creative control of their work. The idea for an A-Corp was first proposed by Yancey Strickler , the co-founder of Kickstarter, at a TED talk last year. According to Strickler, who spoke at the bill signing, an A-Corp might represent an individual artist, but it can also be a more dynamic entity such as a holding company that owns the work or business. “A-Corps,” he has written, “are designed around a simple, powerful, princi...