Colorado LLC Filing Fees Are Now $1

Colorado LLC Filing Fees Are Now

As of July 1, 2022, the value to form a Colorado LLC is just $1. This is thanks to the implementation of the “Colorado Business enterprise Rate Reduction Act” (House Bill 22-1001). 

If you are asking yourself what this means for organization proprietors and business owners in the Centennial Point out, you have occur to the proper put. Preserve examining to find out every little thing you require to know about the new Colorado LLC submitting costs. We’ll investigate which filings are $1, how prolonged the new rates will be in outcome, and something that’s new about commencing an LLC in Colorado. 

Which Colorado filings are now $1? 

According to the Colorado Company Charge Reduction Act, two certain filings are now $1. They involve new constrained legal responsibility organization (LLC) formation and trade name registration. That indicates the subsequent paperwork now price tag $1 to file: 

  • Articles of Organization (Colorado LLC formation)
  • Trade Title Assertion (Colorado trade identify registration)

Formerly, the Colorado point out fee to file Articles or blog posts of Corporation was $50, and the cost to file a Trade Identify Statement was $20. The way Property Bill 22-1001 works is that filers will now obtain a credit score in opposition to every single of these filing service fees of $49 and $19, respectively. 

How lengthy will the new premiums be in outcome? 

A press release from the Colorado Secretary of State’s Business says the new rates will continue to be in place during Fiscal Calendar year 2022-2023, or “until the quantity of the typical fund is exhausted.” The Section estimates this aid will last until June 30, 2023. 

Why was the Colorado Company Cost Reduction Act implemented?

In accordance to Colorado Secretary of Condition, Jena Griswold, this reduction act was handed to support and guidance Colorado business enterprise owners during a tumultuous time.

“I will always do the job to lower expenditures and crimson tape for Colorado firms that are the spine of our communities. This fee relief will continue to keep dollars in the pockets of small organization homeowners, lots of of whom have faced adversity and uncertainty over the last few years,” said Griswold.

Forming a Colorado LLC

Although the Colorado Content of Organization submitting charge is now $1 in its place of $50, the ways for forming an LLC in the point out are even now the exact same as prior to. To variety a Colorado LLC, you are going to need to have to: 

  1. Name your LLC
  2. Appoint a registered agent
  3. File Article content of Group
  4. Create an working arrangement
  5. Implement for an EIN

Understand all about the approach for starting off an LLC in Colorado. 

Discover more about the expenditures associated with creating an LLC in Colorado like state costs

Registering a Trade Identify in Colorado

The very same is correct for registering a trade name in Colorado. Although the payment is now $1 instead of $20, the approach continues to be the exact same. 

If you want to carry out company below a unique moniker than your formal organization identify, you’ll have to have to sign up a trade identify. This is usually referred to as a “doing enterprise as” or “DBA” title in other states. 

Illustrations of when a trade title may possibly be applied involve: 

  • A small business with the official title “ABC Toys, LLC” desires to market puzzles on the web as “ABC Puzzles”
  • A business enterprise with the formal identify “ABC Toys, LLC” desires to provide on Amazon as simply “ABC Toys”
  • A organization with the formal name “XYZ Electronics, Corp.” wishes to market MacBooks as “XYZ Macs” 

To register a trade title in Colorado, you are going to file a Trade Name Statement with the Secretary of State’s Business and shell out your submitting rate (which is just $1 for Fiscal Yr 2022-2023). We can also tackle this for you.

We can assistance

Ready to convert your aspiration of beginning your have small business into a actuality? With Colorado LLC development and trade title registration charges at just $1, there is under no circumstances been a improved time to get started a new business in the Centennial Point out. But you are going to need to act rapidly, as the Colorado Business Payment Reduction Act is only set to be in impact for Fiscal Calendar year 2022-2023, or until finally the standard fund is fatigued. 

If the considered of trying to follow all the guidelines to kind an official small business entity appears to be challenging, do not stress. We’re here to assist you via the entire system. Let us minimize as a result of the crimson tape and manage anything from formation to compliance for you. Our group of formation professionals can confirm your small business identify availability, prepare your Article content of Corporation, coordinate submitting needed authorized files with the Secretary of Condition, and additional. Attain out to us now!

Disclaimer: The content material on this page is for informational purposes only, and does not represent authorized, tax, or accounting guidance. If you have unique inquiries about any of these matters, seek the counsel of a certified qualified.