Colorado LLC Filing Fees Are Now $1

As of July 1, 2022, the cost to form a Colorado LLC is just $1. This is thanks to the implementation of the Colorado Business Fee Relief Act (House Bill 22-1001). If youre wondering what this means for business owners and entrepreneurs in the Centennial State, youve come to the right place. Keep reading to learn everything you need to know about the new Colorado LLC filing fees. Well explore which filings are $1, how long the new rates will be in effect, and anything thats new about starting an LLC in Colorado. Start Your $1 Colorado LLC Well file all your paperwork for free. You only pay the $1 filing fee. Start Your LLC Which Colorado filings are now $1? According to the Colorado Business Fee Relief Act, two specific filings are now $1. They include new limited liability company (LLC) formation and trade name registration. That means the following documents now cost $1 to file: Articles of Organization (Colorado LLC formation)Trade Name Statement (Colorado trade name registration) Previously, the Colorado state fee to file Articles of Organization was $50, and the fee to file a Trade Name Statement was $20. The way House Bill 22-1001 works is that filers will now receive a credit against each of these filing fees of $49 and $19, respectively. Start Your $1 LLC START NOW How long will the new rates be in effect? A press release from the Colorado Secretary of States Office says the new rates will remain in place during Fiscal Year 2022-2023, or until the amount of the general fund is exhausted. The Department estimates this relief will last until June 30, 2023. Why was the Colorado Business Fee Relief Act implemented? According to Colorado Secretary of State, Jena Griswold, this relief act was passed to help and support Colorado business owners during a tumultuous time. I will always work to cut costs and red tape for Colorado businesses that are the backbone of our communities. This fee relief will keep money in the pockets of small business owners, many of whom have faced adversity and uncertainty over the last few years, said Griswold. Forming a Colorado LLC While the Colorado Articles of Organization filing fee is now $1 instead of $50, the steps for forming an LLC in the state are still the same as before. To form a Colorado LLC, youll need to: Name your LLCAppoint a registered agentFile Articles of OrganizationCreate an operating agreementApply for an EIN Learn all about the process for starting an LLC in Colorado. Registering a Trade Name in Colorado The same is true for registering a trade name in Colorado. While the fee is now $1 instead of $20, the process remains the same. If you want to conduct business under a different moniker than your official company name, youll need to register a trade name. This is commonly referred to as a doing business as or DBA name in other states. Examples of when a trade name might be used include: A business with the official name ABC Toys, LLC wants to sell puzzles online as ABC PuzzlesA business with the official name ABC Toys, LLC wants to sell on Amazon as simply ABC ToysA business with the official name XYZ Electronics, Corp. wants to sell MacBooks as XYZ Macs To register a trade name in Colorado, youll file a Trade Name Statement with the Secretary of States Office and pay your filing fee (which is just $1 for Fiscal Year 2022-2023). We can also handle this for you. We can help Ready To Get Started? Well file all your paperwork for free. You only pay the $1 filing fee. Start Your LLC Ready to turn your dream of starting your own business into a reality? With Colorado LLC formation and trade name registration fees at just $1, theres never been a better time to start a new business in the Centennial State. But youll need to act quickly, as the Colorado Business Fee Relief Act is only set to be in effect for Fiscal Year 2022-2023, or until the general fund is exhausted. If the thought of trying to follow all the rules to form an official business entity seems daunting, dont stress. Were here to help you through the entire process. Let us cut through the red tape and handle everything from formation to compliance for you. Our team of formation experts can verify your business name availability, prepare your Articles of Organization, coordinate filing required legal documents with the Secretary of State, and more. Reach out to us today! Disclaimer: The content on this page is for informational purposes only, and does not constitute legal, tax, or accounting advice. If you have specific questions about any of these topics, seek the counsel of a licensed professional. The post Colorado LLC Filing Fees Are Now $1 appeared first on ZenBusiness Inc..

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