Once your Colorado LLC is created, you must adhere to your state’s filing dates in order to maintain good standing and prevent costly fines or penalties.
This page addresses the following issues for a Colorado LLC:
What exactly is a periodic report?
What is the procedure for submitting a periodic report?
Should I use a registered agent?
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Annual Report for Colorado LLC
Updated on 2022-03-04
Table of Contents
What Exactly Is a Periodic Report?
In Colorado, a periodic report (sometimes known as an annual report) is a yearly document that your LLC must make to update your company information, which includes:
Street address of the main office
Mailing address for the main office (if different from street address)
Name and address of the registered agent
Organizing people’s names and addresses
This report is intended to keep your company records up to date with the State of Colorado. This enables creditors and other interested parties to locate your company address in the event that they need to contact you. This information is used by the government to trace the payment of your LLC state taxes.
What Is a Periodic Report?
Your Colorado LLC periodic report may be filed online at the Secretary of State’s website. Select “File a form for an EXISTING record,” then use the offered business record search to find your LLC.
Should I Hire a Registered Agent?
A registered agent is a person or corporation designated by your firm to receive and deliver documents on your behalf. You may guarantee that your LLC’s reports are always submitted on time to the relevant government agency by employing a registered agent service. The following are the three primary benefits of employing a registered agent service for your LLC:
Avoid late filing penalties: The Secretary of State has the authority to dissolve a Colorado LLC that fails to submit a periodic report. A registered agent service will remind you when reports are due and, for an extra cost, will submit the file for you.
Gain flexibility: A registered agent service may receive and submit paperwork for your LLC during normal business hours, allowing you to avoid working from 9 a.m. to 5 p.m. every week. You may also employ a registered agent service to create an LLC in states where you do not already have a company presence.
Keep your personal address out of public records: Using a registered agent service helps you to keep your personal address out of public records, preserving your privacy. Furthermore, if your LLC is sued, the lawsuit will be served at the registered agent’s address rather than your place of business.