Colorado passes law giving artists new legal and fiscal tools
Colorado Governor Jared Polis signed Senate Bill 133 (SB26-133) into law on June 2, creating a new type of limited liability company called an Artist Company. The bill, authored by state senator Jeff Bridges and inspired by Kickstarter co-founder Yancey Strickler's TED Talk, provides artists with a legal structure that treats their work as capital contributions rather than generic assets, allowing for financial leverage such as loans. It requires 51% artistic ownership and ensures that upon dissolution, rights to artistic work revert to the artist.