In Colorado, the cost of forming an LLC (limited liability corporation) online is $50. When the LLC’s Articles of Organization are filed, this fee is paid to the Colorado Secretary of State.
How Much Does a Colorado LLC Cost?
The filing fee for a Colorado online LLC is $50.
The $50 charge to submit your LLC’s Articles of Organization online with the Colorado Secretary of State is the primary expense of forming an LLC. From July 1, 2022 through June 30, 2023, Colorado has decreased formation filing costs to $1.
Periodic Report for Colorado Fee: $10
LLCs in Colorado are required to submit an annual report with the Secretary of State.
The Colorado periodic report is required within a five-month period beginning two months before and ending two months after the LLC was created. Failure to file on time in Colorado carries a $50 penalty.
Fee for Registered Agent
You may be your own registered agent in Colorado, but employing a registered agent service keeps your firm in compliance, informs you of critical filing dates, and helps you avoid late fines.
Northwest Registered Agent offers the finest package for forming a new company and obtaining a registered agent. $39 plus state fees
OR:
If you simply need a registered agent, Northwest Registered Agent is a good choice: $125
Learn more about Colorado Registered Agents by reading our guide. You may also check out our comprehensive guide to the top registered agent services.
The Cost of Creating a Foreign LLC in Colorado
If you currently have an LLC established in another state and want to expand into Colorado, you must register your LLC as a foreign LLC in Colorado.
A Colorado foreign LLC registration costs $100. A foreign LLC may be registered in Colorado by submitting a Statement of Foreign Entity Authority.
Permits and Licenses for Businesses
Depending on your industry and geographic area, your company may need federal, state, and municipal permits/licenses to operate lawfully in Colorado. This is true regardless of whether you create an LLC or another sort of company structure.
With our guide to acquiring a Colorado business licence, you can learn more about state and municipal licencing.
Other Fees for Filing an LLC
There are several extra costs involved with forming an LLC:
Reservation of an LLC Name:
Fill out the LLC Name Reservation Form and pay the $25 filing fee to reserve your name for up to 120 days prior to the creation of your LLC.
Reservation of a Foreign LLC Name:
Fill out the LLC Foreign Name Reservation Form and pay the $40 filing fee to reserve your name for up to 12 months prior to the creation of your LLC.
DBA (Doing Business As) Name:
To establish a name different than your official LLC company name, file a statement of trade name and pay the $20 filing fee. From July 1, 2022 through June 30, 2023, Colorado has decreased trade name filing costs to $1.
How to Form Your Own Colorado LLC
Creating an LLC on your own is simple; just follow the five procedures outlined below.
Five Simple Steps to Forming an LLC in Colorado
Step 1: Give Your Colorado LLC a Name
Step 2: Select a Registered Agent.
Step 3: Submit the Articles of Incorporation.
Create an Operating Agreement in Step 4
Step 5: Obtain an EIN
Step 1: Give Your Colorado LLC a Name
When naming your Colorado LLC, you must pick a name that:
Is legal to use in the state of Colorado.
Meets the naming criteria of Colorado
Is a web domain available?
Step 2: Select a Registered Agent.
In Colorado, all LLCs must designate a registered agent. A registered agent is your LLC’s primary point of contact with the state. Most significantly, they are in charge of receiving service of process in the event that your company is sued.
Your registered agent in Colorado must:
You must be at least 18 years old.
Have a physical location in Colorado
Be accessible to receive process service during regular business hours.
Step 3: Submit the Articles of Incorporation.
To incorporate an LLC, the Colorado Articles of Organization must be submitted with the Colorado Secretary of State. The filing fee for the Articles of Organization is $50.
Visit our How to File the Colorado Articles of Organization page for complete directions on completing the Articles of Organization.
Step 4 Create an Operating Agreement in
An operating agreement is not necessary for Colorado LLCs, although it is recommended.
What exactly is an operating agreement? An operating agreement is a legal document that outlines an LLC’s ownership and running processes.
Why are operating agreements necessary? A detailed operating agreement guarantees that all firm owners are on the same page and decreases the likelihood of future disagreement.
Step 5: Obtain an EIN
What exactly is an EIN? An EIN, or Employer Identification Number, is a nine-digit number assigned by the Internal Revenue Service (IRS) to a firm in order to identify it for tax reporting reasons. An EIN is effectively a company’s Social Security number (SSN).
Why do I need an EIN? An EIN is necessary for the following purposes:
Establishing a business bank account
Employee Recruitment