Depending on your state
•You can typically go to your state website for what forms are required.
•You can get a free 1099 form (MISC or INT) HERE. Or find one at IRS.gov
•Next, we’ll go over the most common steps to start your LLC in Colorado. However, please refer to an attorney for all specific LLC concerns.
1. Choose a Name for Your LLC
•Under Colorado law, an LLC must contain the words or abbreviation “limited liability company,” “ltd. liability company,” “limited liability co.,” “ltd. liability co.,” “limited,” “l.l.c.,” “llc” or “ltd.,”Limited Liability Company," "Limited Company," or the abbreviation "L.L.C.," "L.C.," "LLC," or "LC." The word "Limited" may be abbreviated as "Ltd.," and "Company" may be abbreviated as "Co."
•An available name may be reserved for 120 days by filing a Statement of Reservation of Namewith the Colorado Secretary of State. The form must be filed online at the Secretary of State website. The filing fee is $25
2. File Articles of Organization
•A Colorado LLC is created by filing articles of organization online with the Colorado Secretary of State. You can view and download a sample articles of organization form on the Secretary of State’s website.
•The articles must include the LLC's name and address; the name and address of LLC’s registered agent, the name and address of the person forming the LLC whether the LLC will be run by a manager or members, and a few other details.
•The articles of organization must be filed online and the filing fee is $50.
3. Appoint a Registered Agent
4. Comply With Other Tax and Regulatory Requirements
•Additional tax and regulatory requirements may apply to your LLC. These may include:
•EIN: If your LLC has more than one member, it must obtain its own IRS Employer Identification Number (EIN), even if it has no employees. If you form a one-member LLC, you must obtain an EIN for it only if it will have employees or you elect to have it taxed as a corporation instead of a sole proprietorship (disregarded entity). You may obtain an EIN by completing an online application on the IRS website. There is no filing fee.
•Register with Department of Revenue: In some cases, for example if you will be selling goods and collecting sales tax or if you have employees, you’ll need to register with the Colorado Department of Revenue (DOR).
•Business Licenses: Depending on its type of business and where it is located, your LLC may need to obtain other local and state business licenses.
5. File Periodic (Annual) Reports
•Colorado LLCs must file a Periodic Report with the Colorado Secretary of State each year. The report must be filed online at the Secretary of State website. The filing fee is $10. The periodic reports are due during the three month period beginning on the first day of the anniversary month of the month when the LLC was formed. For example, if you formed your SMLLC on June 15, the report would be due each subsequent year between June 1 and August 31. You can also file the report up two months early. You may sign-up for email notification from the Secretary of State to alert you when the Periodic Report is due.
6. Foreign LLCs Doing Business in Colorado
•All LLCs organized outside of Colorado must register with the Colorado Secretary of State to do business in Colorado. Foreign LLCs must appoint a registered agent for service of process physically located in Colorado. To register, file a Statement of Foreign Entity Authority. The application may must be filed online. The filing fee is $100.