The Colorado Secretary of State handles the formation and organization of Limited Liability Companies in Colorado. Forming a Colorado Limited Liability Company for your business is an excellent decision. It typically takes approximately 20 days for the Colorado Secretary of State's Office to process LLC Articles of Organization and other LLC formation documents. LLC's enjoy both the simplified pass through taxation of partnerships and the limited liability of corporations. An Limited liability Company has fewer formalities after formation than a corporation--meaning you can focus on your business and not on paperwork. Protect your personal assets from lawsuits and judgments against your business by forming a Colorado LLC. If you neglect to incorporate your business, you could be held personally liable for business debts and lawsuits. Find out about forming a legal Colorado Limited Liability Company and start your business off on the right track.
Colorado LLC Name Requirements
A registered agent must be an individual age 18 years or older whose primary residence or usual place of business is in Colorado, a domestic entity having a regular place of business in Colorado or a foreign entity authorized to transact business or conduct activities in Colorado that has a usual place of business in Colorado. If the entity has a usual place of business in Colorado, it may serve as its own registered agent. If you are forming an LLC in the state where your business operates, you can simply use your business office address. In this case, you are your own registered/resident agent. If you don't have a physical location in the state where you formed your LLC, then you'll need to appoint a registered/resident agent within that state to receive official documents. Many companies will, for a fee, act as your registered or resident agent . It's important that you go with a solid company. You don't want a fly-by-night company that will take your money and then not deliver, for example, the notice of a lawsuit filed against your business. You are responsible for choosing your agent wisely, and the last thing you want is to have a default judgment entered against you because your registered agent stopped delivering your mail (or went bankrupt) without notifying you.