Colorado LLC Filing Fees Are Now $1

As of July 1, 2022, the price tag to kind a Colorado LLC is just $1. This is many thanks to the implementation of the “Colorado Company Charge Relief Act” (Property Monthly bill 22-1001). 

If you are wanting to know what this implies for enterprise homeowners and business owners in the Centennial Condition, you have occur to the ideal place. Retain reading to understand every little thing you will need to know about the new Colorado LLC filing expenses. We’ll examine which filings are $1, how prolonged the new premiums will be in influence, and everything that’s new about setting up an LLC in Colorado. 

Which Colorado filings are now $1? 

In accordance to the Colorado Organization Cost Aid Act, two particular filings are now $1. They contain new constrained liability firm (LLC) formation and trade name registration. That signifies the pursuing paperwork now value $1 to file: 

• Posts of Organization (Colorado LLC formation)
• Trade Title Assertion (Colorado trade title registration)

Formerly, the Colorado point out price to file Content of Business was $50, and the rate to file a Trade Identify Statement was $20. The way Household Monthly bill 22-1001 is effective is that filers will now acquire a credit towards each of these submitting charges of $49 and $19, respectively. 

How long will the new rates be in effect? 

A press release from the Colorado Secretary of State’s Place of work states the new premiums will stay in location in the course of Fiscal Calendar year 2022-2023, or “until the quantity of the typical fund is exhausted.” The Office estimates this reduction will past until June 30, 2023. 

Why was the Colorado Organization Rate Relief Act applied?

In accordance to Colorado Secretary of Condition, Jena Griswold, this relief act was handed to support and support Colorado organization owners during a tumultuous time.

“I will constantly get the job done to minimize costs and red tape for Colorado organizations that are the backbone of our communities. This price aid will continue to keep cash in the pockets of smaller organization house owners, several of whom have confronted adversity and uncertainty above the previous couple of yrs,” stated Griswold.

Forming a Colorado LLC

While the Colorado Article content of Group filing fee is now $1 as a substitute of $50, the measures for forming an LLC in the point out are still the exact same as before. To sort a Colorado LLC, you are going to will need to: 

1. Name your LLC
2. Appoint a registered agent
3. File Articles or blog posts of Corporation
4. Create an working settlement
5. Use for an EIN

Discover all about the procedure for commencing an LLC in Colorado. 

Registering a Trade Identify in Colorado

The exact is real for registering a trade title in Colorado. Though the price is now $1 alternatively of $20, the process remains the same. 

If you want to perform small business below a diverse moniker than your formal enterprise name, you’ll need to sign-up a trade title. This is generally referred to as a “doing organization as” or “DBA” identify in other states. 

Illustrations of when a trade title could possibly be utilised consist of: 

• A organization with the formal identify “ABC Toys, LLC” would like to market puzzles online as “ABC Puzzles”
• A company with the official identify “ABC Toys, LLC” would like to provide on Amazon as merely “ABC Toys”
• A business enterprise with the official title “XYZ Electronics, Corp.” would like to provide MacBooks as “XYZ Macs” 

To register a trade identify in Colorado, you are going to file a Trade Identify Statement with the Secretary of State’s Office and pay out your filing charge (which is just $1 for Fiscal 12 months 2022-2023). We can also tackle this for you.

We can aid

Completely ready to change your desire of starting up your own business into a fact? With Colorado LLC development and trade identify registration service fees at just $1, there is by no means been a improved time to commence a new organization in the Centennial State. But you are going to require to act promptly, as the Colorado Small business Rate Relief Act is only set to be in effect for Fiscal Year 2022-2023, or until eventually the common fund is exhausted. 

If the assumed of making an attempt to stick to all the procedures to form an formal enterprise entity appears to be challenging, really don’t pressure. We’re listed here to support you by means of the full course of action. Let us slice by the red tape and handle every little thing from formation to compliance for you. Our workforce of formation professionals can validate your small business title availability, put together your Article content of Business, coordinate filing demanded authorized files with the Secretary of Condition, and a lot more. Access out to us right now!

Disclaimer: The content on this page is for informational reasons only, and does not represent authorized, tax, or accounting information. If you have distinct queries about any of these matters, request the counsel of a certified specialist.