How Much Does It Cost to Setup LLC in Colorado?

by

Overview of LLC Formation in Colorado

  • Cost of Starting an LLC: The filing fee for a Colorado online LLC is $50.
  • Annual Fees: An LLC in Colorado is required to file a Periodic Report each year, costing $10.
  • Hiring an Attorney: Not required to form an LLC in Colorado.

Other Fees and Regulations

  1. Registered Agent Cost: Varies from $30 to $300.
  2. Additional Costs: Obtaining necessary licenses, permits, and ongoing expenses.
    • Local Business License: Required, cost varies by location and business type.

LLC Tax Information in Colorado

  • Colorado does not impose privilege or franchise taxes on LLCs.
  • Corporate Income Tax: Flat rate of 4.63%.
  • EIN Application: Free of charge.

Important Requirements and Benefits

  1. Naming Guidelines in Colorado:

    • Must include "limited liability company" or an abbreviation.

  2. Insurance Requirements:

    • Worker’s Compensation, Automobile, and Professional Insurance.

  3. Benefits of Colorado LLC: Liability protection, tax advantages, and simplified regulations.

Conclusion

Starting an LLC in Colorado involves various costs but can offer significant benefits, such as limited liability protection and tax advantages. Consider all expenses and regulations before establishing your business entity.

Leave a Comment