Colorado LLC Submitting Charges Are Now $1

How lengthy will the brand new charges be in impact? 

A press launch from the Colorado Secretary of State’s Workplace says the brand new charges will stay in place throughout Fiscal 12 months 2022-2023, or “till the quantity of the overall fund is exhausted.” The Division estimates this aid will final till June 30, 2023. 

Why was the Colorado Enterprise Payment Aid Act applied?

In accordance with Colorado Secretary of State, Jena Griswold, this aid act was handed to assist and help Colorado enterprise house owners throughout a tumultuous time.

“I’ll all the time work to chop prices and purple tape for Colorado companies which might be the spine of our communities. This payment aid will preserve cash within the pockets of small enterprise house owners, a lot of whom have confronted adversity and uncertainty over the previous few years,” mentioned Griswold.

Forming a Colorado LLC

Whereas the Colorado Articles of Group submitting payment is now $1 as a substitute of $50, the steps for forming an LLC within the state are nonetheless the identical as earlier than. To kind a Colorado LLC, you’ll must: 

  1. Title your LLC
  2. Appoint a registered agent
  3. File Articles of Group
  4. Create an working settlement
  5. Apply for an EIN

Be taught all in regards to the course of for beginning an LLC in Colorado

Registering a Commerce Title in Colorado

The identical is true for registering a commerce title in Colorado. Whereas the payment is now $1 as a substitute of $20, the method stays the identical. 

If you wish to conduct enterprise underneath a unique moniker than your official firm title, you’ll must register a commerce title. That is generally known as a “doing enterprise as” or “DBA” title in different states. 

Examples of when a commerce title could be used embrace: 

  • A enterprise with the official title “ABC Toys, LLC” desires to promote puzzles on-line as “ABC Puzzles”
  • A enterprise with the official title “ABC Toys, LLC” desires to promote on Amazon as merely “ABC Toys”
  • A enterprise with the official title “XYZ Electronics, Corp.” desires to promote MacBooks as “XYZ Macs” 

To register a commerce title in Colorado, you’ll file a Commerce Title Assertion with the Secretary of State’s Workplace and pay your submitting payment (which is simply $1 for Fiscal 12 months 2022-2023). We are able to additionally deal with this for you.

We might help

Prepared To Get Began?

We’ll file all of your paperwork without spending a dime. You solely pay the $1 submitting payment.

Prepared to show your dream of beginning your individual enterprise right into a actuality? With Colorado LLC formation and commerce title registration charges at simply $1, there’s by no means been a greater time to start out a brand new enterprise within the Centennial State. However you’ll must act rapidly, because the Colorado Enterprise Payment Aid Act is simply set to be in impact for Fiscal 12 months 2022-2023, or till the overall fund is exhausted. 

If the considered making an attempt to comply with all the foundations to kind an official enterprise entity appears daunting, don’t stress. We’re right here that can assist you by all the course of. Allow us to lower by the purple tape and deal with all the things from formation to compliance for you. Our staff of formation specialists can confirm your small business title availability, put together your Articles of Group, coordinate submitting required authorized paperwork with the Secretary of State, and extra. Attain out to us right now!

Disclaimer: The content material on this web page is for informational functions solely, and doesn’t represent authorized, tax, or accounting recommendation. When you have particular questions on any of those matters, search the counsel of a licensed skilled.

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