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We are very excited about helping entrepreneurs form new companies. Each state is so different when it comes to filing documents, you will know right away you are in the right place.
In Colorado, the annual report for corporations is due by the last day of the corporation's anniversary month. The first annual report is due in the calendar year following the year of incorporation. For example, if a corporation was formed on June 15th, 2022, the first annual report would be due on or before June 30th, 2023.
After the first annual report, subsequent annual reports are due by the last day of the corporation's anniversary month each year. It's important to note that failure to file the annual report by the deadline may result in late fees, penalties, or even the administrative dissolution of the corporation.
The annual report can be filed online through the Colorado Secretary of State's website or by mail. The filing fee for the annual report is $10 for domestic corporations and $50 for foreign corporations. It's recommended to file the annual report in a timely manner to avoid any penalties or consequences.
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Starting a business in Colorado is a great way to be your own boss and have more control over your career and financial stability, but it is not without risks. There are several legal requirements for businesses operating in Colorado that must be met and renewed annually. IncSmart has several checklists and guides on how to legally start and maintain a business in Colorado for new business owners and going concerns.
When starting a new business, there are many important decisions to make and rules and procedures to be addressed. First and foremost is how to register in Colorado.
Three Steps
Step 1: Starting a Business: Business Planning and Development
Step 2: Operating a Business: Registration, Compliance and DBAs
Step 3: Growing a Business: Registering in other States and Trademarks
Colorado Business Requirements for Commercial Recordings - Appoint Registered Agent - Form Corporation or LLC - Apply for a Federal Tax ID - Fund your company with a business checking account - Apply for a business license and pay the renewal fee each year - File your Federal Tax Returns each year - File your State Tax Returns each year - Include an income or loss on your Personal Tax Returns each year - Pay your annual fees to the Secretary of State each year - Pay your annual fees to the Registered Agent each year - Maintain your books with resolutions each year - Have your Annual Company Meeting each year - Update your bylaws and operating agreement each year - Issue stocks and membership certificates each year Transparency and Fee Disclosure Colorado Colorado SOS LLC Fees - $50 Colorado SOS Corporation Fees - $50 Colorado SOS Periodic Report - $10 IncSmart Document Filing Fees - $49 IncSmart Annual Report Filing Fees - $20 Discount Colorado LLC with Registered Agent - $99 Executive Colorado LLC with Registered Agent - $179 Discount Colorado INC with Registered Agent - $99 Executive Colorado INC with Registered Agent - $179 Registered Agent Service / 1 Year - $49 Discount Agent Service / 3 Year - $117 Personal Legal PlansGet peace of mind from top quality legal products and services for yourself and your family. With a LegalShield Legal Plan a qualified attorney will be there to assist you on an unlimited number of personal legal issues. Colorado Business Plans Along with your Bylaws and Operating Agreement, business owners must prepare a Business Plan that includes your marketing strategies. A banker or SBA will need a Business Plan before they can help you. A good business plans will help avoid the pitfalls that occur to small companies that do not plan their future. The marketing plan should include traditional and e-marketing. The cost of implementing your business plan should not cost you an arm and a leg. It should be proportional to your business size, volume and growth potential. This may include print advertising, radio, television, cable television and mass mailings. Your marking plan should include the development of a website. Company owners should be honest with themselves and create a mission for the company. A mission statement should be kept close and followed. This way you can create a solution before the problem becomes insurmountable. Surround yourself with trusted advisors such as bankers, CPAs and attorneys. Colorado Annual Fees and Taxes After filing your entity with the Secretary of State, it is time to have your bookkeeping and tax planner in place. Income tax, payroll tax, state tax, sales tax and property tax. We are being taxed left and right and someone needs to care for your new company. Today, many businesses turn to CPAs for help. They will become a trusted advisor on major business and financial decisions. They can give advice on running and managing a business, and help manage your growth potential. Most lenders prefer financials prepared by CPAs A CPA will show you the most effective accounting systems for your type of business. Advice on tax preparation, personal financial planning, and auditing services are important. They will also advise you on deductions and how to separate your personal and business expenses. The tax codes are complex and taxes for a business are more complicated than for an individual. Good record keeping is an essential requirement for monitoring the financial health of your company. There is an efficient and practical way for you to keep your financial records in order. CPAs can provide services outside their home state The Uniform Accountancy Act provides |