Colorado LLC Annual Fees

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Corporate Structures & Strategies

Considering starting a business in Colorado? We're happy to give you some pointers. Though there is a cost for start-up, you'll achieve better results once you've become an official company. You'll enjoy the protections of an LLC, appear more professional, and have more resources at the tips of your fingers. Come on and see what figures you'll need to become an LLC!

Initial Filing Fees

The full sum of filing your Articles of Organization (the initial paperwork for your LLC) is, as of this writing, $50.00. This can be paid via credit or debit card only. Colorado accepts Visa, Mastercard, and American Express. If you do not have a credit card account for whatever reason, you may access this by visiting any large retail store and purchasing pre-paid debit/credit cards for your use.

Annual Fees

Your state annual fees revolve around your periodic report. This is a legal requirement by the state to keep them updated regarding the status of your LLC. You will be given the details of your report time upon the state accepting your LLC filing. Current fees for periodic report filing are $10 per filing period.

If you are late with your report, you may be charged up to a $50 late fee. Want to learn more? The Colorado Secretary of State is always willing to clear up any issues at 303-894-2200. Periodic reports are filed online only.

Sales Tax

If you sell goods and charge sales tax, you must register with the Colorado Department of Revenue. There is no fee for this and it is a simple, quick process.

Permits

Permits differ based upon the business that you are conducting. After all, a children's daycare has no need for a pet license. We recommend researching before filing your Articles. You should be able to learn all the resources needed to run your business legally from your county board, who are typically the ones filing and maintaining these permits, licenses, and misc.

Additional Filings

Beyond these mentioned, additional filings may include any and all permits, insurance information, tax reduction or removal forms, and so many others. Without knowing your business and that which you must do on a daily basis, it is difficult to state with certainty what it is that you need and what you don't. We strongly recommend speaking to your county board as a starting place for these issues. Some of the more common types of filings you may encounter are as follows.

DBA

A DBA is a pseudonym for your LLC. You may have registered as, for instance, a ranch. Yet you would also like to open a farm store under a separate name. This is done via DBA filing. These are typically free of charge and simply a footnote on your Articles.

Article Amendment

Which brings us to amending your Articles. Something changes. Someone leaves, a problem occurs, or you simply change the focus of your business from your original resolutions. You need to amend your Articles with the State of Colorado. Simple enough and absolutely free as of this writing.

EIN

Though we provide this via a $75 service fee, your Employer Identification Number can be snatched for free. Simply visit the IRS homesite for further instruction and remember, if the paperwork becomes overwhelming, we're always pleased to assist you with it.

Operating Agreement

There are dozens of templates for this on the internet. We also provide one at absolutely no cost to you. Feel free to use it as needed to make your company's use widely known. If so desired, you may hire a legal writer to draft one of these for you. However, a simple one is usually best, especially for companies that are just starting out.

Resolution to Open Bank Account

Opening your business bank account is one of the first big steps most companies take. This is completely free to file and should be one of the first things you do after you receive your LLC approval. We also recommend setting up all your account information when you open the account. That way, you have all of your financial resources ready to go when the doors open and you begin to work for yourself.

Organizational Minutes

Your first official business meeting, typically called a shareholders meeting, requires that the organizational minutes are charted. You'll be looking over your Articles, as well as agreeing upon all the decisions made so far. It's a great way to keep a solid baseline with your company's most important people.

What's On Your Mind?

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Colorado LLC Attorney, LLC

44 Cook St. STE 100, Denver, CO 80206