Forming an LLC in Colorado
Forming an LLC in Colorado in 7 easy steps
- Start by deciding what you want to call you company. According to Colorado state law, the name must include an LLC identifier, such as “LLC”, “L.L.C.”, “Limited Company”, “Ltd. Liability Co” and “Limited Liability Company. If you for instance wish to call your company “Colorado Ice Cream” you need to give it the formal name “Colorado Ice Cream LLC”. You can not use a name that is already used by another LLC and you must refrain form trademark violations.
- You are not required by state law to hire an attorney when forming an LLC in Colorado, but it can still be a good idea to let an attorney or other legal expert check your Operating Agreement since a poorly written Operating Agreement can lead to IRS trouble in the future.
- Visit the Colorado State filing office and file the Articles of Organization. When forming an LLC in Colorado, the minimum filing fee is $25.00. (For 30 business days.)
- During step four, the members (owners) of the LLC need to have an Organizational Meeting where they adopt the Operating Agreement.
- Apply for a Federal Employer Identification Number (FEIN) for the newly formed LLC.
- Arrange a company bank account.
- Obtain any required business license and/or permit. Keep in mind that you might need several business licenses and permits if you plan on being active in more than once city or county.
Maintaining an LLC in Colorado
The LLC is required by Colorado state law to hand in an annual report. If you hand in your report online, the fee will only be $10.00. If you prefer to hand in your report on paper, the feed will be $100.00. The report is always due 60 days after the original LLC filing date.
