Selene Nestor, head of the, just registered her new business, Olta Mexican Whiskey, with the State of Colorado for one dollar. By October, she's hoping to open a brick-and-mortar store where she can sell her product.
According to Secretary of State Jena Griswold, who spoke at an August 8 press conference at Governor Jared Polis's office celebrating the program, between July 1 and August 5, more than 13,000 new LLCs formed in Colorado. While there are no statistics regarding how many businesses formed as a direct result of the fee relief, state officials estimate the new rate will save small-business owners around $8 million over the next year.
Stacey Harris, owner of the Glass House on the 16th Street Mall, will relaunch her business in the Cherry Creek Shopping Center soon."This $50, it means a lot to me, because I put every dime into this store," she says.