A Colorado certificate of good standing confirms that a limited liability company (LLC) or corporation was founded lawfully and is being properly maintained.
In our Certificate of Good Standing Colorado guide, we will go over the qualifications for good standing as well as how to get one in Colorado.
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How Do I Obtain a Colorado Certificate of Good Standing?
You may get your Colorado certificate of good standing from the Secretary of State.
There are two major processes involved in obtaining your certificate of good standing:
1. Maintain your LLC’s compliance
2. Request a certificate of good standing.
What exactly is a good standing certificate? A certificate of good standing is a state document that confirms your company was created lawfully and has been properly maintained.
Step 1: Ensure that your Colorado business is in compliance.
To be eligible for a Colorado certificate of good standing, your company must meet the following state compliance requirements:
Permits and Licenses
To run a company in Colorado, you must adhere to federal, state, and municipal licensing requirements. Regulations such as health permits and construction permits are examples of this.
The Colorado Department of Regulatory Agencies website has further information on state licensing requirements.
State levies
Depending on your company activity, you may be required to register for several types of Colorado state tax. Sales tax, withholding tax, and Unemployment Insurance (UI) tax are all examples of this.
Regular Reports
All Colorado LLCs and corporations are required to submit a quarterly report. This report confirms the company’s fundamental facts, such as its primary office location and registered agent.
This report is submitted online with the Secretary of State and is due during a five-month period beginning two months before and ending two months after the business’s anniversary date. The filing cost is ten dollars.
Step 2: Obtain a Colorado Certificate of Good Standing.
Once your company is in good standing with the state, you may apply to the Secretary of State for a Colorado certificate of good standing. This is something that can be done online.
Is a Certificate of Good Standing Required in Colorado?
While you don’t always need a certificate of good standing to manage a company in Colorado, there are a few times when you may. These are some examples:
Purchasing commercial insurance
Applying for commercial loans
Establishing a business checking account
Getting a business license in another state