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How much does it cost to set up an LLC in Colorado?

How much does it cost to set up an LLC in Colorado? The state of Colorado charges $50 to form a domestic LLC and $100 to register a foreign LLC.

How much does it cost to form an LLC in Colorado?

How to start an LLC in Colorado Name your Colorado LLC. Create a business plan. Get an federal employer identification number (EIN) File Colorado Articles of Organization. Choose a registered agent in Colorado. Obtain business licenses and permits. Understand Colorado state tax requirements. Prepare an operating agreement.

Who can not be a member of LLC?

However, retired people and minors may not be members of a limited liability company in some states. In most cases, however, individuals can be members if they are at least 18 years old. Additionally, non-united States citizens cannot form LLCs where the law prohibits this practice.

Does Colorado have an annual LLC fee?

Every year, you are required by the state of Colorado to file a periodic report. This legal requirement by the state keeps the state updated as to the status of your LLC. The annual fee, as of this writing, for periodic report filing is $10 per year.

What taxes do businesses pay in Colorado?

Colorado ranks among the top-10 states (10th) for best corporate tax system according to the Tax Foundations 2021 State Business Tax Climate Index. Colorados corporate income tax rate is a flat 4.55% assessed on Colorado net income, defined as the corporations federal taxable income, with some modifications.

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