Steps to Form an LLC in Colorado
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Filing Fee and Periodic Report
It costs $50 to file an LLC in Colorado. The Periodic Report fee is $10 annually to maintain good standing.
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Legal Aspects and Financial Requirements
You don’t need a lawyer to start an LLC in Colorado. Other costs may include licenses, permits, and taxes specific to your business.
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Essential Documents and Registration Process
LLCs in Colorado must have a registered agent, which typically costs $30-300. An EIN is necessary for bank accounts and tax filing.
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Taxation and Management Benefits
LLCs allow pass-through taxation and flexible management structures. They are beneficial for startups and small to medium companies.
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Support for Colorado Businesses
The Office of Economic Development and International Trade offers financing help and tax credits for new businesses in Colorado.
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Cost Breakdown for LLC Formation
- Filing Fee: $50 for the Articles of Organization
- Annual Report: $10 for the Periodic Report
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Additional Requirements and Benefits
- Worker’s Comp and Insurance
- Liability and Tax Advantages
Colorado LLC Naming Guidelines
- Your business name must contain "limited liability company" or an appropriate abbreviation.
- Naming must comply with all applicable requirements under Colorado law.
Important Points to Consider for Colorado LLC
- LLCs in Colorado offer liability protection and tax benefits.
- Consider the pros and cons before deciding to form an LLC in Colorado.