If you started a business outside Colorado, but are interested in doing business here, then you should apply to register your business in Colorado. It’s not a difficult process but a few steps must be followed. Thankfully, we’ve listed them here for you.
Foreign LLCs are all those businesses and companies that were formed in any state other than Colorado. Don’t be misled, they are not companies which have been formed in other countries!
If your business is considered to be “doing business” in Colorado, it means it should be registered in Colorado as a foreign entity.
Colorado Law states that your business must maintain a physical address in the state of Colorado. Our Colorado registered agent service satisfies this requirement.
To register your LLC in the state of Colorado, you have to fill a Foreign Limited Liability Company Application for Registration. The secretary of state for Colorado is the entity that approves these documents, and you can easily acquire them in the website for the state here.
The form is similar to forming a Colorado LLC in the information you provide, but there are meaningful differences. You will need some of documents you previously used to form the LLC in the state you originated it in. The documents and requirements you will need are the following:
You might also need to show that your registered agent is available to accept and receive and official documents.
Other cases might need you to present a Certificate of Existence or a Certificate of Good Standing, which is issued by an agency in the state where your LLC was originally incorporated in. While you have to present an original document, you can also present it through electronic means. The document must be recent.
It might take a month or for this process from beginning to end. A copy of the form you registered will be sent to you to confirm that the process is complete, or we will notify you if you opt to have us handle it.
There are fines you could face, as well as not enjoying the benefits of a limited liability company. If the court rules you did not register to do business in Colorado then you will not enjoy any protections in case of a lawsuit. This is in addition to fines you may face for operating without permission. These penalties add up every year, so be sure to register your foreign LLC in the state of Colorado! Click here to learn more about corporations.