Formation Costs and Annual Fees
Is there an annual fee for LLC in Colorado? It costs $50 for an LLC in Colorado. This is the fee to file the Articles of Organization (the form that creates your LLC). There are other Colorado LLC fees to be aware of, such as the Periodic Report fee and taxes.
Yes, there is an annual filing fee for an LLC in CO. In most states this is called the LLC Annual Report, but in Colorado they call it the LLC Periodic Report. The Periodic Report is due every year and it costs $10. This fee is paid to the Colorado Secretary of State to keep your LLC in good standing and have the right to conduct business in Colorado.
Do I need to hire an attorney to form an LLC? No, you aren’t required to hire an attorney to form your LLC.
While the main cost to form an LLC in Colorado is the $50 filing fee, other potential costs include obtaining necessary licenses and permits for your specific business, setting up a registered agent, and ongoing costs like the periodic report filing fee.
If you decide to have an LLC formation service file your paperwork, you will be responsible for the state fee on top of the formation service’s fee. These service fees vary in price depending upon the company you partner with and the services you require. Pricing starts at $29 and increases with each additional service you elect to purchase.
Registered Agent and Other Costs
By law, all corporations and LLCs doing business within Colorado are required to have a registered agent. You can act as the registered agent or hire a person or company to perform the role of agent on your behalf. The cost of a registered agent for your Colorado LLC varies from a little over $30 to as much as $300. Before hiring anyone, be sure to check that they are reputable and offer the services you need.
The cost to start a Colorado limited liability company (LLC) is $50. This fee is paid to the Colorado Secretary of State when filing the LLC’s Articles of Organization.
Steps to Obtain a Business License
How do you start a business in Colorado? Steps to start a business in Colorado:
- Select your business structure.
- Register your business name.
- Register your business with the state.
- Open a Business Checking Account.
- Hire an accountant.
- Consider Liability Insurance.
- Obtain City License if applicable.
How do you register a new business in Colorado? To register a business in Colorado:
- Choose a business name.
- Choose a business entity.
In Colorado, local licenses or permits may be needed depending on your business. For example, a Denver hotel must get a lodging facility license. Contact your local county or city office for information.
Costs and Compliance
Steps for a Colorado Business License:
- Sales Tax License – Apply online, by mail or in person.
- More than one location requires applying by mail or in person.
This Colorado Business License overview covers licenses and permits to operate legally in Colorado. Four steps are recommended:
- Identify all licenses needed.
- Obtain proper licenses.
- Ensure compliance.
- Renew licenses annually.
Do I Need a Business License in Colorado? Colorado doesn’t have a general license. You may need multiple licenses and permits based on:
- Business type
- Location
How much do Colorado business licenses cost? Costs vary:
- Sales tax license: $50
- Food/manufacturing: A few hundred dollars
- Liquor: Thousands of dollars
Acquiring licenses in Colorado takes time. Start early to operate legally.
To get a Colorado license:
- Apply with the relevant agency.
- Provide business information and materials.
- Submit application and fee.
License costs:
- Business License Application: $15
- Initial filing fee: $26
- Fort Collins Sales Tax License: No cost
Colorado Business Licenses uphold safety and integrity for businesses and consumers. They validate safety protocols and assurance. Top services for licensing simplify the process.