The committee advanced the Colorado Artist Company Act (SB 133) to Appropriations over bar association objections, cleared a therapist licensure bill (HB 1228) unanimously and placed it on the consent calendar, and killed SB 127 at the sponsor's request.
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Mr. Lidstone, testifying for the Colorado Bar Association, argued that 'this statute is completely and totally unnecessary. There is nothing that the statute provides that cannot be done with an existing limited liability company.' Senator Bridges directly anticipated this argument, stating that the ad hoc system 'puts all the power, frankly in the hands of the lawyers creating those custom LLCs and S Corps and industry folks' and that 'artists have little say or voice.' Senator Eman Jodeh similarly asked how the current statute does not already allow artists to raise equity, get benefits, and form entities using existing structures, to which Senator Bridges responded with the Taylor Swift example and argued the A Corp sets protections as a default standard rather than requiring artists to negotiate for them.
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“If Taylor Swift had had an A corp, she wouldn't have lost control of 1989. This sets a precedent. This sets a standard. This says artists control what they make.”
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Sign in to subscribeAl amendment. Al amendment. All right, folks. Thank you. Thank you. And then I'm gonna. All right, folks, welcome back. The Senate Business, labor and Technology Committee will come to order. Ms. Chapman, please call the roll. Senator Carson, President Catlin. Excused. Judah. Present. Henriksen. Here. Madam Chair. Here. All right, welcome, folks. We have three items on the agenda. The first bill is Senate Bill 127. Senator Bridges, please tell us about your bill. Thank you. Madam Chair, I ask that you postpone indefinitely that Senate bill. Any questions for the sponsor, Senator Henriksen? Madam Chair, at the request of the sponsor, I move that sample127 be postponed indefinitely. That is a proper motion. Ms. Chapman, please poll the committee. Senator Carson. Aye. Catlin. Excused. Judah at the request of the sponsor. Yes. Henriksen? Aye. Madam Chair, Yes. That vote passes unanimously. Do no reverse. Okay, you're all set. And then I'm going to turn the gavel over to Vice Chair Henriksen for the next measure. Senator Bridges and Senator Catlin, welcome to this side of the dais. Good morning. Good to be here. Morning again. Please tell us about Senate Bill 133. Thank you. Thank you, Madam Chair.…
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