Filing a Colorado LLC
Colorado LLCs are beneficial because they are easy to develop and protect owners from liabilities. Because of this, it’s easy to see why many new business owners put serious consideration into the LLC structure. Below, you’ll find everything you need to know about forming a Colorado LLC.
Steps To Filing a Colorado LLC
Choose A Name
The first step prospective business owners must do when forming a Colorado LLC is choose a name. The state of Colorado requires owners to include something in their name indicative of the fact they are, indeed, an LLC. Owners will need to add something like, “Limited Liability Company” or “LLC” to their name. Potential business owners must also be careful not to choose a name already in use by another entity. They can prevent this from happening by using the DoMyLLC Name Availability Check Page.
Choose An Agent For Service Of Process
The other significant requirement for business owners is selecting a registered agent. The agent is responsible for accepting legal documents and notices of lawsuits on behalf of their company, thereby making them an integral part of the company’s success. Because the registered agent position is so critical, many Colorado LLC owners elect to hire a professional third-party company, such as DoMyLLC, to serve in the role.
File Articles Of Organization & Pay Filing Fees
After a prospective owner secures a name and registered agent, they can begin filing the Articles of Organization. New business owners must put care into filing this form, ensuring it is accurate. In addition to including the information listed below, those completing the form will also need to submit a $50 filing fee. Necessary information includes:
- The name of the company
- Principal office street address
- Principal office mailing address
- Registered agent name, street address, and mailing address
- Registered agent statement of consent
- Name and address of the company organizers
- Whether managers or members manage the company
- Statement regarding members
- Any relevant additional information
- Effective date
- An email address for notifications
- Signature for notices and disclaimers
File Initial Report
Colorado businesses registering as an LLC do not need to meet initial reporting requirements but should be mindful of Initial Reports if they were to expand into another state.
Create An Operating Agreement And Hold Meetings
New business owners should also take the time to draft an operating agreement, which clarifies the business structure and roles of its members.
Obtain Employer Identification Number
Every Colorado business is required to obtain Employer Identification Number from the Internal Revenue Service. This number is vital, as companies will need it to file their taxes. Many banks also require it to open a business account.
File State Required Periodic Reports
Businesses are also required to file a periodic report with the Secretary of State’s office by the last day of the anniversary month of the company’s founding. There is a $10 fee required to submit this paperwork. Failure to file correctly could result in the business receiving delinquent status. Business owners can find everything they need to know at the Colorado Periodic Report page.
Even after initial filings, business owners still have requirements that they must meet. For instance, Colorado LLCs must pay federal and state taxes. They also must ensure that they obtain the proper permits and licenses.
How DoMyLLC Can Assist With Streamlining The Process
DoMyLLC provides comprehensive solutions for new business owners. We can help you form your company and ensure that it remains operational. This can allow you to focus yourself entirely to growing your new company. Our services include:
- Name availability check
- Articles of Organization preparation
- Filing of the Articles of Organization with the Secretary of State’s office
- Sample documents, including a sample Operating Agreement, meeting notices, and meeting minutes
- Dedicated account manager
- Unlimited customer support
Forming a business doesn’t have to be daunting. Contact us today to learn more about how we can help make the process of creating a Colorado LLC easier.