In this article, the Webinarcare Editorial Team provides a comprehensive guide on starting a foreign LLC registration in Colorado, outlining the steps, eligibility requirements, and considerations for companies looking to operate in the Colorado jurisdiction.
Registered Agent and Business Address Requirements
A PO box is not an acceptable registered agent address in Colorado. You can apply for a Colorado tax ID number online through the Colorado Department of Revenue’s website. To comply with Section 7-90-701 of the Colorado Revised Statutes, your limited liability company’s Registered Agent must have a physical street address in the state of Colorado. The mailing address can be a PO Box, but still must be in Colorado.
Every Colorado LLC must have at least one Member. In Colorado, you’re allowed to have a Single-Member LLC with just one Member, or a Multi-Member LLC with more than one Member. Colorado law doesn’t require you to list the names of all Members, only that you confirm the LLC has at least 1 Member.
Small business owners who have an LLC will need to designate a registered agent for the business. Often, the company’s owner or a person in senior leadership serves as the registered agent.
Name Reservation and Virtual Address Use
To hold the LLC name you have decided on, you can reserve your LLC name in Colorado for 120 days by filing a name reservation application with the Secretary of State. Once you have chosen a name, you can submit an application for a Colorado DBA (doing business as) name.
Yes, a virtual business address for an LLC in Colorado is permissible as long as it is a physical street address. Services such as Post Scan Mail can provide options for virtual addresses, offering mail scanning, forwarding, and depositing, to help businesses manage their mail.
UPS Mailboxes and Virtual Business Addresses
A UPS mailbox is often a better option than a PO box since it allows use of a street address. However, a virtual address can also be used for various business purposes, such as registering a business entity and receiving mail and packages. The Colorado Secretary of State’s website states that the registered agent must have a business or residence address in the State of Colorado.
LLC Name Search and Cross-State Opportunities
Your Colorado LLC must conduct a name search on Colorado Secretary of State Business Database Search to ensure its desired name is available. However, if you do not wish to file your LLC right away, then you can reserve your LLC name for 120 days.
Never limit yourself to registering your LLC within your state. Consider other states, such as Nevada or Wyoming, which may offer advantageous services and rates.