How Do I Dissolve a Sole Proprietorship in Colorado?

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Cost of Dissolving a Business

Before officially dissolving a business in Colorado, settle all fines owed and pay business tax accounts.

To dissolve an LLC in Colorado, the owner must file and submit the Article of Dissolution to the Secretary of State. Documents submitted online take effect immediately after payment confirmation unless a later date is specified.

To close a business in Colorado, file a statement online through the Secretary of State website and pay a $25 fee.

Step-by-Step Guide to Closing a Business in Colorado

  1. Decide to close the business.
  2. File dissolution documents with the Secretary of State.
  3. Cancel registrations, permits, licenses, and business names no longer needed.
  4. Deal with any outstanding contractual obligations.
  5. For corporations, file Articles of Dissolution containing the address of the primary office and a declaration that the corporation has dissolved. Articles can be submitted online.
  6. Pay any remaining debts and terminate accounts.

How to Dissolve an LLC in Colorado

To dissolve an LLC in Colorado, follow these three steps:

  1. Follow the Operating Agreement.
  2. Close tax accounts.
  3. File Articles of Dissolution.

Closing a Business in Colorado Process

  • Dissolution is the process of ending a business voluntarily in Colorado.
  • Bankruptcy is a legal process to discharge or restructure debts.

Additional Information

  • All articles of dissolution must be submitted online.
  • An address change or business closure form must be completed to notify about changes or business closure.
  • S corporations must file the certificate of termination with the Secretary of State to dissolve.
  • Partnerships file Articles of Dissolution, while sole proprietors file a Statement of Trade Name Withdrawal.
  • Nonprofits dissolve by action of directors or vote/consent of members.

How to Dissolve a Business in Colorado

This guide provides an overview of the steps and regulations to dissolve a business in Colorado efficiently and legally. It is important to follow a standardized process and guidelines to ensure a smooth dissolution.

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