Colorado LLC Filing Fees Are Now $1

As of July 1, 2022, the charge to kind a Colorado LLC is just $1. This is many thanks to the implementation of the “Colorado Small business Fee Relief Act” (Home Monthly bill 22-1001). 

If you are wanting to know what this usually means for organization entrepreneurs and entrepreneurs in the Centennial Condition, you have arrive to the proper put. Continue to keep examining to study every little thing you want to know about the new Colorado LLC submitting fees. We’ll investigate which filings are $1, how lengthy the new costs will be in outcome, and anything at all that’s new about starting off an LLC in Colorado. 

Which Colorado filings are now $1? 

According to the Colorado Small business Fee Reduction Act, two distinct filings are now $1. They contain new constrained legal responsibility company (LLC) formation and trade title registration. That suggests the adhering to paperwork now price tag $1 to file: 

  • Content of Firm (Colorado LLC development)
  • Trade Name Statement (Colorado trade identify registration)

Previously, the Colorado point out price to file Articles of Corporation was $50, and the rate to file a Trade Identify Assertion was $20. The way Dwelling Invoice 22-1001 functions is that filers will now receive a credit in opposition to each of these submitting service fees of $49 and $19, respectively. 

How extended will the new charges be in influence? 

A push launch from the Colorado Secretary of State’s Workplace suggests the new fees will remain in put all through Fiscal Calendar year 2022-2023, or “until the sum of the basic fund is exhausted.” The Division estimates this reduction will final until eventually June 30, 2023. 

Why was the Colorado Small business Rate Reduction Act executed?

According to Colorado Secretary of Point out, Jena Griswold, this aid act was passed to assistance and assist Colorado organization owners during a tumultuous time.

“I will normally do the job to minimize charges and red tape for Colorado companies that are the spine of our communities. This charge relief will keep cash in the pockets of modest enterprise owners, numerous of whom have faced adversity and uncertainty more than the past handful of a long time,” reported Griswold.

Forming a Colorado LLC

When the Colorado Content of Corporation filing cost is now $1 as a substitute of $50, the methods for forming an LLC in the state are still the identical as just before. To sort a Colorado LLC, you will need to: 

  1. Title your LLC
  2. Appoint a registered agent
  3. File Articles of Business
  4. Develop an operating settlement
  5. Use for an EIN

Learn all about the process for beginning an LLC in Colorado. 

Learn additional about the costs associated with producing an LLC in Colorado such as state fees

Registering a Trade Title in Colorado

The similar is genuine for registering a trade name in Colorado. While the price is now $1 rather of $20, the process continues to be the similar. 

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

Illustrations of when a trade title could be employed incorporate: 

  • A small business with the official title “ABC Toys, LLC” desires to promote puzzles on-line as “ABC Puzzles”
  • A enterprise with the formal title “ABC Toys, LLC” wishes to market on Amazon as only “ABC Toys”
  • A company with the official name “XYZ Electronics, Corp.” needs to sell MacBooks as “XYZ Macs” 

To sign-up a trade name in Colorado, you are going to file a Trade Identify Assertion with the Secretary of State’s Business and pay back your submitting rate (which is just $1 for Fiscal Calendar year 2022-2023). We can also take care of this for you.

We can assistance

Completely ready to flip your aspiration of starting your individual enterprise into a fact? With Colorado LLC development and trade identify registration fees at just $1, there’s hardly ever been a superior time to start out a new company in the Centennial Condition. But you’ll need to have to act quickly, as the Colorado Business Price Relief Act is only set to be in result for Fiscal Year 2022-2023, or until the standard fund is fatigued. 

If the believed of attempting to observe all the rules to form an formal business enterprise entity looks challenging, really do not tension. We’re right here to help you as a result of the full system. Enable us slash by means of the crimson tape and tackle everything from formation to compliance for you. Our workforce of development professionals can confirm your business name availability, get ready your Posts of Corporation, coordinate submitting demanded lawful documents with the Secretary of Condition, and much more. Reach out to us currently!

Disclaimer: The written content on this web site is for informational reasons only, and does not represent legal, tax, or accounting guidance. If you have specific queries about any of these subject areas, find the counsel of a certified expert.

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