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 Business enterprise Price Reduction Act” (Dwelling Bill 22-1001). 

If you are pondering what this indicates for small business owners and entrepreneurs in the Centennial Condition, you’ve appear to the suitable position. Hold reading to master almost everything you will need to know about the new Colorado LLC submitting fees. We’ll check out which filings are $1, how extended the new premiums will be in influence, and anything at all which is new about setting up an LLC in Colorado. 

Which Colorado filings are now $1? 

According to the Colorado Small business Charge Relief Act, two certain filings are now $1. They include new restricted legal responsibility organization (LLC) formation and trade name registration. That implies the next files now charge $1 to file: 

  • Content of Firm (Colorado LLC development)
  • Trade Identify Assertion (Colorado trade identify registration)

Beforehand, the Colorado condition fee to file Articles or blog posts of Group was $50, and the cost to file a Trade Identify Assertion was $20. The way Property Monthly bill 22-1001 functions is that filers will now obtain a credit score against each and every of these filing service fees of $49 and $19, respectively. 

How extensive will the new fees be in influence? 

A push launch from the Colorado Secretary of State’s Office says the new prices will continue to be in place in the course of Fiscal 12 months 2022-2023, or “until the quantity of the standard fund is exhausted.” The Division estimates this relief will final until eventually June 30, 2023. 

Why was the Colorado Company Payment Reduction Act carried out?

In accordance to Colorado Secretary of Condition, Jena Griswold, this relief act was handed to support and assistance Colorado business proprietors throughout a tumultuous time.

“I will constantly get the job done to lower charges and red tape for Colorado businesses that are the spine of our communities. This fee relief will continue to keep money in the pockets of tiny business enterprise proprietors, quite a few of whom have confronted adversity and uncertainty over the past few yrs,” reported Griswold.

Forming a Colorado LLC

Even though the Colorado Article content of Corporation submitting fee is now $1 rather of $50, the measures for forming an LLC in the point out are still the exact same as in advance of. To sort a Colorado LLC, you are going to need to have to: 

  1. Name your LLC
  2. Appoint a registered agent
  3. File Articles or blog posts of Business
  4. Produce an working arrangement
  5. Implement for an EIN

Discover all about the method for starting an LLC in Colorado. 

Discover extra about the costs involved with creating an LLC in Colorado which includes point out expenses

Registering a Trade Identify in Colorado

The very same is legitimate for registering a trade name in Colorado. While the charge is now $1 as an alternative of $20, the procedure continues to be the same. 

If you want to conduct business enterprise beneath a distinct moniker than your formal firm name, you’ll require to register a trade identify. This is commonly referred to as a “doing organization as” or “DBA” name in other states. 

Examples of when a trade title may be used include: 

  • A business enterprise with the formal title “ABC Toys, LLC” needs to market puzzles on the web as “ABC Puzzles”
  • A small business with the official identify “ABC Toys, LLC” needs to promote on Amazon as basically “ABC Toys”
  • A business with the formal identify “XYZ Electronics, Corp.” needs to promote MacBooks as “XYZ Macs” 

To sign up a trade identify in Colorado, you will file a Trade Title Statement with the Secretary of State’s Workplace and shell out your filing price (which is just $1 for Fiscal Calendar year 2022-2023). We can also tackle this for you.

We can help

Ready to convert your desire of setting up your have business into a actuality? With Colorado LLC formation and trade identify registration expenses at just $1, there’s hardly ever been a better time to get started a new enterprise in the Centennial State. But you’ll require to act swiftly, as the Colorado Enterprise Charge Relief Act is only set to be in result for Fiscal Yr 2022-2023, or until eventually the standard fund is exhausted. 

If the thought of seeking to follow all the rules to sort an official enterprise entity looks complicated, do not stress. We’re in this article to assistance you by way of the entire approach. Enable us slice as a result of the pink tape and tackle everything from development to compliance for you. Our workforce of formation experts can verify your company identify availability, prepare your Article content of Group, coordinate submitting necessary lawful files with the Secretary of Point out, and extra. Achieve out to us these days!

Disclaimer: The content material on this website page is for informational functions only, and does not represent lawful, tax, or accounting suggestions. If you have distinct inquiries about any of these matters, seek out the counsel of a accredited experienced.

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