April 13, 2024

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Colorado LLC Filing Fees Are Now $1

4 min read
Colorado LLC Filing Fees Are Now $1

As of July 1, 2022, the value to variety a Colorado LLC is just $1. This is many thanks to the implementation of the “Colorado Enterprise Cost Aid Act” (Residence Monthly bill 22-1001). 

If you are wondering what this means for small business proprietors and entrepreneurs in the Centennial Condition, you have come to the proper spot. Retain studying to master everything you need to have to know about the new Colorado LLC submitting expenses. We’ll examine which filings are $1, how lengthy the new premiums will be in impact, and just about anything which is new about setting up an LLC in Colorado. 

Which Colorado filings are now $1? 

According to the Colorado Business enterprise Rate Aid Act, two certain filings are now $1. They include new minimal liability firm (LLC) formation and trade title registration. That suggests the next files now cost $1 to file: 

  • Articles or blog posts of Organization (Colorado LLC formation)
  • Trade Identify Assertion (Colorado trade name registration)

Beforehand, the Colorado state fee to file Article content of Group was $50, and the fee to file a Trade Name Assertion was $20. The way Household Bill 22-1001 works is that filers will now get a credit score against each individual of these filing expenses of $49 and $19, respectively. 

How long will the new fees be in impact? 

A press launch from the Colorado Secretary of State’s Place of work states the new fees will remain in place during Fiscal Calendar year 2022-2023, or “until the volume of the general fund is exhausted.” The Section estimates this reduction will very last right up until June 30, 2023. 

Why was the Colorado Small business Payment Relief Act executed?

In accordance to Colorado Secretary of Point out, Jena Griswold, this aid act was passed to help and support Colorado business enterprise entrepreneurs throughout a tumultuous time.

“I will always do the job to minimize costs and pink tape for Colorado businesses that are the spine of our communities. This fee relief will preserve money in the pockets of smaller small business proprietors, quite a few of whom have confronted adversity and uncertainty in excess of the past number of yrs,” said Griswold.

Forming a Colorado LLC

Whilst the Colorado Content articles of Business filing rate is now $1 in its place of $50, the steps for forming an LLC in the state are nonetheless the exact same as before. To sort a Colorado LLC, you will need to have to: 

  1. Title your LLC
  2. Appoint a registered agent
  3. File Article content of Group
  4. Produce an operating agreement
  5. Apply for an EIN

Study all about the system for beginning an LLC in Colorado. 

Discover more about the charges related with making an LLC in Colorado which include condition costs

Registering a Trade Identify in Colorado

The very same is true for registering a trade identify in Colorado. Although the price is now $1 in its place of $20, the method remains the exact. 

If you want to conduct organization beneath a unique moniker than your official firm title, you’ll require to sign-up a trade identify. This is typically referred to as a “doing small business as” or “DBA” title in other states. 

Examples of when a trade identify could be utilised include: 

  • A business with the official name “ABC Toys, LLC” wants to offer puzzles on the net as “ABC Puzzles”
  • A organization with the formal identify “ABC Toys, LLC” wants to market on Amazon as merely “ABC Toys”
  • A business with the formal identify “XYZ Electronics, Corp.” wishes to provide MacBooks as “XYZ Macs” 

To register a trade name in Colorado, you’ll file a Trade Name Statement with the Secretary of State’s Office environment and pay back your filing payment (which is just $1 for Fiscal Calendar year 2022-2023). We can also cope with this for you.

We can assist

Completely ready to flip your desire of commencing your very own enterprise into a actuality? With Colorado LLC formation and trade identify registration service fees at just $1, there is under no circumstances been a greater time to commence a new business enterprise in the Centennial State. But you’ll will need to act speedily, as the Colorado Enterprise Price Relief Act is only established to be in influence for Fiscal Calendar year 2022-2023, or until eventually the typical fund is fatigued. 

If the believed of making an attempt to comply with all the policies to variety an formal company entity would seem complicated, don’t stress. We’re here to assist you as a result of the total system. Allow us lower by the crimson tape and handle every thing from formation to compliance for you. Our staff of formation specialists can confirm your business enterprise identify availability, put together your Articles of Corporation, coordinate submitting essential lawful files with the Secretary of Condition, and extra. Get to out to us nowadays!

Disclaimer: The articles on this webpage is for informational needs only, and does not constitute authorized, tax, or accounting tips. If you have precise inquiries about any of these subjects, look for the counsel of a certified experienced.

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