Located on the edge of the Great Plains, and home to most of the Southern Rocky Mountain range, Colorado is a state that’s full of natural beauty. Colorado boasts a rich culture, diverse landscapes and thriving tourism industry, and it is recognized as one of the best states in the nation for business.
Colorado is an agricultural powerhouse, but it also features diverse industrial and service sectors. Scientific and high-tech businesses are also well-represented in The Centennial State.
If you want to start your own business in Colorado, one of the best ways to do so is by forming an LLC. Limited Liability Companies (LLCs) are a business entity designed for startups and small- and medium-sized businesses. Colorado makes forming an LLC easy and inexpensive. LLCs give you many of the protections and advantages of larger corporations without all the rules, regulations and compliance issues common to larger business entities. Let’s start by looking at the advantages of forming a Colorado LLC.
Colorado LLCs have several benefits for business owners.
A Colorado LLC must have a designated street address. That could be your home address (if you’re running the company from your residence), where your office is located or any physical address of your preference — even outside of Colorado. It can also be a P.O. Box.
Every Colorado LLC must have a “registered agent.” This could be you, the managing director, owner or a dedicated registered agent service. The registered agent in Colorado is someone who receives official legal and tax correspondence and has responsibility for filing reports with the Colorado Secretary of State.
At Incfile, all of our packages include a Registered Agent service that is free for the first year and just $99 per year thereafter. We also have a dashboard where you can log in and easily view any document your registered agent has received on your behalf. Here are a few reasons you might want to appoint Incfile as their registered agent service.
Your Colorado LLC members are the people who own and run the business. They will be the individuals who withdraw profits from the business to pay themselves. Colorado requires you to list the names and addresses of all people forming the LLC.
Once you've gathered all the information together for your LLC, you’ll need to file formal documents with the Colorado Secretary of State. Filing Articles of Incorporation creates your Colorado LLC. You can do this online, mail in a form or have Incfile do it on your behalf.
Colorado LLCs aren’t required to have an Operating Agreement, but they are extremely useful for several reasons. Your Operating Agreement covers how the business will be run, how managers and members are chosen, rights and duties of members and several other key areas. Learn how to create your Operating Agreement.
If you’re interested in having your Operating Agreement created for you, Incfile will draft a general Operating Agreement within most of our online business formation packages. It can also be selected as an add-on option in our Silver package. This Operating Agreement will be a basic template that you can make changes to anytime you see fit.
You can find lots more useful information on how to form an LLC here. It answers questions like:
Incfile provides a cost-effective service to help you create your LLC. We guide you through the process and handle most of the administrative steps on your behalf, such as filing the Articles of Organization or Certificate of Formation. Our basic package also provides a free Registered Agent service for the first year. If you're looking for help startin an LLC, our comprehensive services provide outstanding value.
|State Fee||State Filing Time||Expedited Filing Time|
|$50||5 Business Days||1 Business Day|
This report is mandatory and must be filed within the specified time frame in order for the entity to remain in good standing with the state. Failure to file this report can lead to the company being revoked or administratively dissolved.
Due Date:During the three-month period beginning with the first day of the entity's anniversary month of formation.
Filing Fee: $10
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