Incorporating in Colorado
-
Incorporation Process
It’s easy to incorporate in Colorado. You must file online and pay a $50 filing fee to the Secretary of State to be considered. The Articles of Incorporation will be processed within 24 hours on average. -
BOI Report Requirement
As of January 2024, most corporations will need to file a BOI report after incorporating in Colorado. This provides details on owners with 25%+ ownership to federal agencies. Some industries are exempt from filing this report. -
Business Name and URL
Your Colorado corporation name must be unique. Use the Secretary of State’s Business Search Portal to see if your desired business name is available. Before registering your corporation, check if a good URL is available for your business name. It’s important to secure your URL right away. -
Tax and Reporting
In Colorado, private offerings to up to 10 residents over one year are considered exempt and won’t require filings to the state or fees. Corporations must file a periodic report annually to the Secretary of State. You have 3 months from each anniversary to file. -
Liability Protection
Colorado is very tax-friendly for companies. Forming a corporation provides liability protection and should be among the first steps you take as a new business owner. To start a corporation in Colorado, file Articles of Incorporation with the Secretary of State. You can file online for $50. This document formally creates your corporation. -
Processing Times
Processing times for new corporations vary depending on workload, but normally it takes 1-2 days. Filing the Articles of Incorporation formally creates your corporation. -
Costs
How much does it cost to incorporate in Colorado? -
Accounting and Compliance
How much your small business pays in taxes is best determined by working with a qualified accountant in Colorado. -
Renewal and Business License
How much does it cost to renew a company in Colorado? According to Colorado law, any company wishing to continue doing business in the State of Colorado must file an annual report with the Secretary of State. -
Insurance
The cost of insurance can range from $50 a month to several thousand dollars a month, depending on the size and needs of your business—but the average cost in Colorado is 86¢ per every $100 in earnings. -
Registered Agent Service
Costs for a registered agent service range from $50 a year up to $300 or more. Several online firms provide quality services at reasonable rates. -
Business Licenses and Permits
Colorado Business Licenses and Permits Cost. Starting an LLC in Colorado requires obtaining the required licenses and permits from local, state, and federal governments. Fees for these vary, but most costs are minimal.