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How to Register Your LLC in Colorado

How to Register Your LLC in Colorado: While there are many benefits to forming an LLC, the process can be daunting. This blog post will outline the steps you need to take in order to register your LLC in Colorado.

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Introduction

A limited liability company, or LLC, is a business structure created by state statute. LLCs are popular because they offer personal asset protection to their owners while still providing the flexibility and pass-through taxation of a sole proprietorship or partnership.

If you want to form an LLC in Colorado, you’ll need to take some specific steps. You’ll need to choose a name for your business, appoint a registered agent, file formation documents with the state, and obtain an employer identification number (EIN) from the IRS. You may also need to file additional documents and get licenses and permits, depending on your business type and location.

The Basics of Registering an LLC in Colorado

To form an LLC in Colorado, you must file Articles of Organization with the Colorado Secretary of State.3 min read You will need to provide: the LLC’s name, the LLC’s mailing address, the LLC’s principal place of business address, the name and address of the LLC’s registered agent, the LLC’s purpose, and the name and address of each person who will manage the LLC.

Naming Your LLC

Your LLC’s name must include the phrase “Limited Liability Company” or one of the abbreviations “LLC,” “L.L.C.” or “ltd. Co.” You may not use a variation of these terms in your LLC’s name. The name of your LLC cannot be the same as the name of any other business registered with the Colorado Secretary of State, nor can it be deceiving to the public in any way.

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You may reserve a name for your LLC by filing a Name Reservation Request form with the Colorado Secretary of State. The reservation is good for up to 120 days and costs $10, payable by check or money order to the Colorado Secretary of State.

Appointing a Registered Agent

An LLC’s registered agent is the person or business designated to receive important legal and tax documents on behalf of the LLC. The registered agent must have a physical street address in Colorado and be available during normal business hours to accept service of process.

You can appoint a registered agent when you file your Articles of Organization with the Colorado Secretary of State, or you can appoint one later by filing an Amendment to your Articles of Organization.

If you’re forming an LLC with one member, you can be your own registered agent. If your LLC will have more than one member, you must appoint a third party as your LLC’s registered agent. You cannot appoint another LLC as your registered agent unless that LLC is authorized to act as a professional registered agent in Colorado.

Filing the Articles of Organization

The first step in registering your LLC is filing the Articles of Organization with the Colorado Secretary of State. The Articles of Organization must include the LLC’s name and address, the names and addresses of its organizers, and the LLC’s registered agent. You will also need to include the LLC’s purpose, which can be either general or limited.

If you are forming a multi-member LLC, you will need to include the names and percentages of ownership for each member. The Articles of Organization must be signed by one of the organizers and can be filed online, by mail, or in person. The filing fee is $50.

Once your Articles of Organization have been accepted, you will need to file an Initial Report with the Colorado Secretary of State within 90 days. The Initial Report must include the LLC’s name and address, the names and addresses of its members, and the name and address of its registered agent. You will also need to include the names and percentages of ownership for each member if your LLC has more than one member. The Initial Report must be signed by a member or manager of the LLC and can be filed online, by mail, or in person. There is no filing fee for the Initial Report.

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Maintaining Your LLC

You’ve taken the first step towards starting your own business in Colorado by registering your LLC. Now it’s time to maintain your LLC by following the state guidelines. This includes filing an annual report and keeping your registered agent information up-to-date. Let’s get started.

Operating Agreement

Every LLC should have an operating agreement. This is a legally binding document that outlines the ownership and operating procedures of your LLC. It helps prevent disputes among members and sets forth what will happen if a member leaves the LLC.

While an operating agreement is not required by law, it is highly recommended that you have one in place. You can use our operating agreement template to get started.

If you choose to create your own operating agreement, be sure to include the following:

– The names and contact information of all LLC members
– The percentage of ownership for each member
– The rights and responsibilities of each member
– How profits and losses will be distributed among members
– What will happen if a member leaves the LLC

Annual Reports

colorado-annual-report.jpg
Most states require LLCs to file an annual report, also known as a business license renewal, with the state. The filing fee is generally between $50 and $200, depending on the state. The purpose of the annual report is to update the state on your company’s contact information and registered agent.

Colorado requires LLCs to file an annual report, also known as a business license renewal, with the state. The filing fee is $10. The purpose of the annual report is to update the state on your company’s contact information and registered agent.

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To complete your Colorado annual report:

1) Download the forms from the Secretary of State website.
2) Fill out the Business License Renewal form with your LLC’s information.
3) Include a check or money order for $10 made out to the “Secretary of State”.
4) Mail everything to:
Secretary of State
Business Services Division
1560 Broadway, Suite 200
Denver, CO 80202

Taxes

All LLCs are required to file an annual report with the Colorado Secretary of State. The report is due by the end of each calendar year, and it must be renewed every year. LLCs that fail to file their annual report will be automatically dissolved.

LLCs are also required to pay state taxes, including an annual registration fee and a Colorado income tax. Most LLCs will not have to pay the Colorado income tax, however, because it is only imposed on businesses that generate revenue within the state.

In order to stay in good standing with the state of Colorado, it is important that your LLC remains compliant with all state regulations. This includes filing your annual report and paying any required taxes and fees.

Conclusion

Now that you know the steps to take to register your LLC in Colorado, it’s time to get started. The earlier you start the process, the sooner you can get your business up and running.

Here's How To Create An LLC in Just Minutes!

*This applies to Virginia residents too!

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