How Much Does It Cost to Start a Sole Proprietorship in Colorado?

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Sole Proprietorship Setup in Colorado

In Colorado, you can establish a sole proprietorship without filing any legal documents with the Colorado Secretary of State. Here are the steps you should follow:

  1. Choose a business name.
  2. File a Statement of Trade Name of an Individual.

Cost and Taxes of Sole Proprietorship in Colorado

  • The filing fee for a sole proprietorship is $20.
  • Sales tax and excise taxes are applicable for taxable products and services sold by the business.

Starting a Sole Proprietorship in Colorado

To start a sole proprietorship in Colorado, follow these steps:

  1. Select a business name that is unique.
  2. Check name availability on the Colorado Secretary of State’s website.

Additional Information

In Colorado, there is no need to register a sole proprietorship formally with the state.

If your sole proprietorship involves hiring employees, you will need to obtain an Employer Identification Number (EIN).

DBAs for sole proprietors in Colorado are filed at the state level, with a filing fee of $20.

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