March 15: S-Corps, Partnerships & Multi-Member LLCs
April 15: C-Corps & Single-Member LLCs

Lockhart & Powell — Colorado Business Formation Experts Since 1986

A team of 2 CPAs focused on relationships, not transactions. Whether you're forming an LLC, electing S-Corp status, or starting a new corporation — we handle the paperwork, timing, and tax strategy. Over 1,000 Colorado businesses trust us because we treat clients like partners, not paperwork.

1,000+
Clients Served
4.9
Google Rating
90%+
Client Retention
Call (719) 578-8200 Learn More

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Tell us about your business goals — we'll find the right structure

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Serving businesses across Colorado

S-Corp Election (Form 2553)

We handle the IRS Form 2553 election process, ensuring proper timing and compliance. Miss the deadline and you could wait another year—we make sure that doesn't happen.

LLC to S-Corp Conversion

Already have an LLC? We can help you elect S-Corp tax status to potentially save thousands in self-employment taxes while keeping your LLC liability protection.

Business Formation

Starting fresh? We'll form your LLC or Corporation with the Colorado Secretary of State and then handle the S-Corp election—all coordinated for maximum tax benefit.

CLIENT SUCCESS STORY

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OUR SERVICES

LLC Formation

Start your LLC the right way

  • Articles of Organization
  • Colorado SOS filing
  • EIN acquisition
  • Operating agreement guidance
Get Started

Corporation Formation

C-Corp or S-Corp structure

  • Articles of Incorporation
  • Colorado SOS filing
  • Bylaws & structure guidance
  • S-Corp election if desired
Get Started

Ongoing Tax Prep

We're here after formation too

  • S-Corp & LLC tax returns
  • Schedule K-1 preparation
  • Reasonable comp setup
  • Year-round support
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WHY CHOOSE LOCKHART & POWELL

Timing Expertise

S-Corp election deadlines are strict. We ensure your Form 2553 is filed on time so you don't miss a year of tax savings.

Tax Savings Analysis

Not every business benefits from S-Corp status. We'll analyze your situation and give you honest advice.

Complete Paperwork

From state formation documents to IRS elections, we handle all the paperwork so nothing falls through the cracks.

Reasonable Compensation

We help you set up proper salary and distribution structures to maximize S-Corp tax benefits legally.

Ongoing Support

Formation is just the start. We're here for your S-Corp taxes year after year with 90%+ client retention.

Colorado Experts

Deep knowledge of Colorado business requirements and state tax obligations for S-Corporations.

MEET OUR TEAM

Experienced professionals dedicated to your business success

Megan Lockhart, CPA

Megan Lockhart, CPA

Partner & Tax Director

Megan Lockhart is a partner at Lockhart & Powell, where she serves as the firm's Tax Director. She specializes in individual and business tax preparation, tax planning, and consulting, bringing a thoughtful and strategic approach to every client engagement.

  • Business Formation Strategy
  • S-Corp Tax Planning
  • Entity Structure Consulting
Brandon Lockhart, CPA

Brandon Lockhart, CPA

Partner & Chief Financial Officer

Brandon Lockhart is a partner at Lockhart & Powell, where he specializes in individual and business tax preparation, small business consulting, and also serves as the firm's Chief Financial Officer. With a strong foundation in accounting and finance, Brandon brings both strategic insight and hands-on experience to his clients and colleagues.

  • S-Corp Formation & Election
  • Small Business Consulting
  • Business Structure Planning
David Kim, EA

David Kim, EA

Enrolled Agent & Tax Associate

David Kim is a Tax Preparer at Lockhart & Powell, specializing in individual and business tax preparation. With a strong foundation in tax law and compliance, David is committed to delivering accurate, high-quality service tailored to each client's unique needs.

  • Business Tax Preparation
  • S-Corp Tax Returns
  • IRS Compliance
Trisha McConnaughey

Trisha McConnaughey

Office Manager & Client Relations

Trisha is an Office Manager at Lockhart & Powell, where she combines her strong background in customer service and entrepreneurship with a passion for supporting small businesses and the hardworking people behind them.

  • Client Appointment Scheduling
  • Document Management
  • Office Operations
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WHAT OUR CLIENTS SAY

4.9
Based on 98 reviews
★★★★★

"I have found Brandon and Megan to be incredibly friendly, thoughtful and both are extremely tax savvy! Rick Powell has done an exceptional job finding these two to take over his client base."

★★★★★

"Lockhart and Powell's team was so easy to work with-- very responsive and organized. They made creating my LLC a breeze on my end! Thanks so much to this team."

★★★★★

"I’ve been working with Lockhart & Powell, CPAs for several consecutive years, and they consistently deliver outstanding results. The experience has always been entirely positive. I give them my highest recommendations!"

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Ready to Form Your S-Corp? Let Colorado CPAs Handle the Details.

Join 500+ Colorado businesses that trust Lockhart & Powell for S-Corp formation, election filing, and ongoing tax support.

Call (719) 578-8200 Complete Form Above
Licensed Colorado CPAs
90%+ Client Retention
4.9-Star Google Rating
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