Colorado LLC

How to Form an LLC in Colorado

Detailed Lessons:

 

Colorado LLC Costs:
Colorado LLC formation: $50
Colorado LLC periodic report: $10 per year

Need help?
Hire a reliable service to form your Colorado LLC:
Northwest ($39 + state fee) or LegalZoom ($149 + state fee)

How to Form an LLC in ColoradoA Colorado Limited Liability Company (LLC) is a legal structure used to protect your personal assets (home, car, bank account) in the event your business is sued.

An LLC can be used to operate a business, or an LLC can be used to hold assets (such as real estate, vehicles, boats, or aircraft).

Forming an LLC in Colorado is simple. Search your Colorado LLC name in the database, designate your Registered Agent, file your LLC Articles of Organization and pay the state filing fee ($50).

After your Colorado LLC is approved, complete your Operating Agreement, obtain a Federal Tax ID Number, and file your Periodic Report.

We’ve created a free video course that will walk you through forming your own Colorado LLC, step-by-step.

On desktop, the video lessons are listed on your right. On mobile, the video lessons are listed at the bottom of the page.

Need to save time? Hire a professional to form your LLC in Colorado:
Northwest ($39 + state fee) or LegalZoom ($149 + state fee)
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Matt Horwitz
Founder & Educator at LLC University
Forming an LLC shouldn't be so complicated. Our step-by-step guide will make the process a breeze – and no complex legal jargon! We teach people how to form an LLC for free in all 50 states. We hope you find our free guides and resources helpful in your entrepreneurial journey.

20 Comments

  1. travis mcginnis November 6, 2017

    you said in your video that if i formed a llc in the past i never did anything with it i got the ein but i never filed a periodic report ar taxes but i never donr any business with my llc i just let it dissolve. does that really mean i can never form another llc in colorado ?

    reply
    • Matt Horwitz November 8, 2017

      Hey Travis, are you sure I said that in a video? Which video and at what minute marker? Either way, that’s not the case. Letting an old LLC dissolve will not prevent you from forming new LLCs. Hope that helps.

      reply
  2. Ty Yanushka November 25, 2017

    Matt,

    Well done!! Saved myself at least $100 right out of the gates. That’s a good way to make one of my first business decisions a good one. Following the lessons took me a couple hours but I was meticulous. I did forget to put the LLC in the entity name even after you mentioned it enough times. I filed a change of name and ended up paying an extra $20 (entity name change and registered agent name change, oops.) Colorado being all online is great. You explain it well.

    Thanks,

    Ty Yanushka
    New LLC Business Owner

    reply
    • Matt Horwitz November 29, 2017

      Hey Ty! Thanks for your comment! Glad to hear you were able to sort out the amendment and name change, and also happy to hear we were able to help you save money :)

      reply
  3. Moe February 9, 2018

    Hi Matt,

    Great job on the videos. Easy to follow and understand, I haven’t finished them all though.
    Do you have any instructive videos for non US citizen to form an LLC in the US?
    I am not a US citizen, but I lived in Colorado for about 7 years. I worked as a researcher in Colorado and I have a SSN, but I am not a citizen as I mentioned.
    I also have an active bank account in Colorado, which I am using for my current online Amazon business. I would like to expand my online business into some other platforms, and have my own online store.

    To do that legally, I would like to get an LCC and a business license. Would you please advise me on how to go about this? Is there different approach for non US citizens? Do I just file my LLC with Colorado, since my billing address on my bank account is in Colorado?

    Best regards,
    Moe

    reply
    • Matt Horwitz February 9, 2018

      Hey Moe, thanks for the kind words! And great question. Usually most non-US citizens don’t have SSNs, so the way they need to obtain an EIN from the IRS is different, however, that’s not the case in your situation. Everything will be exactly the same for you when forming an LLC (the same as it is for US citizens). Nothing is different. If you live in Colorado and are going to be working from there, it’ll be best to form an LLC in Colorado. Colorado is very business-friendly and has low LLC fees, so it’s a great state. After your LLC is approved and you obtain an EIN from the IRS, you’ll want to open an LLC checking account at your bank (or another bank)… instead of using your existing bank account. Hope that helps!

      reply
      • Moe February 9, 2018

        Hi Matt,

        Thank you very much for your quick reply. So I file my papers as a Colorado resident even though I don’t reside in Colorado for the time being. I am currently outside of the US, and I’ll be outside of the country for quite long. The only thing that still has my Colorado billing address is my bank account and credit card.

        reply
        • Matt Horwitz February 12, 2018

          Hi Moe, I see. It’s not really about being a resident of the state, but more so where you are legally doing business. In your case, you could really pick any state (since it doesn’t sound like you will running things from Colorado for the time being). Colorado may be less expensive for you if you use a friend or family member as your Registered Agent. Also, a lot of people in this situation feel better (mentally) about forming the LLC in the state which they know the best and still have some ties/connection to.

          reply
  4. Nichole February 19, 2018

    Thank you for this clear concise information!!!!! But, HELP!!!! We have an LLC that was established in Colordo in 2014. We are a two member LLC for now (probably forever) and I live in Texas and the other founding member lives in Colorado. I am the financial and tax matters member for the LLC. We are an educational service agency that have clients throughout the US. I was going to register the LLC as a foreign entity in Texas ($750) and dissolve the Colorado LLC because I’m here in Texas and would also like to avoid dealing with Colorado state taxes. From your videos & resources it looks like we shouldn’t try to “move” the LLC?!? Thoughts?

    reply
    • Matt Horwitz February 21, 2018

      Hi Nichole, thank you for the kind words :) You’re welcome! filing as a Foreign LLC does not create a “new LLC”. It simply gives the Domestic LLC authority to legally do business in the new state. So you would not want to dissolve the Colorado LLC after registering as a Foreign Texas LLC. That would cause issues. What CO state taxes are you paying? You paying them personally or the LLC is paying? Have you spoken with your accountant regarding this? I’d move slowly as there are a number of factors at play. I’ll provide some more thoughts after your reply.

      reply
  5. Cuong February 28, 2018

    Matt –
    I just want to say that I have completed converting my family grocery store from a sole proprietorship to an LLC. Thank you so much for your help in this process. I followed your videos and was able to do it without hiring someone else. My family business is now Hau Giang Market, LLC. Many thanks!

    Cuong Doan (store manager).

    reply
    • Matt Horwitz March 2, 2018

      Cuong, you’re very welcome. And I’m very happy to hear! Thank you for the nice comment. Best wishes with your business :)

      reply
  6. Hayden March 25, 2018

    Hey Matt!

    Great information here. You have already been a great help to the early stages of getting my new business venture off the ground.

    I just have some questions regarding taxes (and I do plan to speak with a CPA in the near future, but wanted to see if you had knowledge pertaining to my situation). Basically, I am starting a business in Colorado with 2 partners. One partner and myself are both US citizens residing in CO. However, the third member is not a US citizen and resides outside of the US most of the year (no permanent address in the states).

    I understand that an LLC is a pass through set up for taxes, so does the foreign partner have to obtain an ITIN? Do they have to pay taxes in the US and in the home country? Is there anything this partner can do to avoid becoming a US tax citizen? And lastly, is there anything “special” we need to do as a group with setting up the LLC with this partner involved?

    Any information you might have about this would be much appreciated!

    Thank you and once again great work on the videos and site in general!
    Hayden

    reply
    • Matt Horwitz March 26, 2018

      Hi Hayden, glad to hear we’ve been able to help! It sounds to me like they’ll have to pay US taxes and in that case, will need an ITIN. This is not our area though, so you’ll have to take the rest of the questions to a CPA or tax lawyer. Hope that helps a bit.

      reply
  7. Karen Alexander March 28, 2018

    I have established a LLC for my ministry business. When the time is right. I want to cell products on my website. I want to change my LLC into a Inc. Can this be done?

    reply
    • Matt Horwitz March 28, 2018

      Hi Karen, why not just start with a Corporation now then? Selling products is usually not the determining factor between an LLC and a Corporation. But to answer your question, yes, you can convert an LLC into a Corporation online on the Colorado Secretary of State website, but you’ll likely need to hire an attorney to draft a resolution/agreement, adopt bylaws, elect corporate officers, draft minutes, etc (Corporations have different requirements). You’ll also need to notify the IRS as well as the state Department of Revenue. You’ll also need to notify the bank, and any other place you’re doing business with. Point being, converting takes a lot of work and time. A few questions for you… have you read LLC vs Corporation? Why do you want to form a Corporation? And do you mean Corporation or Non-profit Corporation?

      reply
  8. Karen Alexander March 28, 2018

    Well. I have nothing set up at all. It’s an up-and-coming process in my Ministry business. I’m the only person and owner of my business I don’t know how in to everything that you just said in detail

    reply
    • Matt Horwitz March 28, 2018

      I understand. It might be a good idea to have a conversation (or a few) with a local attorney and accountant to make sure you select the best business entity for your ministry. Hope that helps :)

      reply
  9. Scott June 3, 2018

    Thanks for the lesson on LLC formation in Colorado !

    My question is;

    In the filing of articles of the LLC, as the Registered Agent you marked it under “Entity” and used the LLC name.

    In the next section, The TRUE person who’s filing, you put in the “person”. Otherwise you, aka John Doe. Why is there a choice of “entity” again and why didn’t you choose this as you did above for the registered agent? It’s a little confusing why they have ” entity” as a choice under TRUE person who’s filing.

    Thanks

    reply
    • Matt Horwitz June 17, 2018

      Hi Scott, you’re welcome! That section is for the LLC Organizer. An LLC Organizer can be an LLC owner (Member), but a company that is hired by someone to form an LLC can also be the LLC’s Organizer… that is why the “entity” choice is in that section. Hope that helps!

      reply

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