Do you want to form an LLC in Colorado? There are two ways of Colorado LLC formation. You can either do it yourself or hire someone to help you with the formation process.
There are a lot of formation services out there that can help you start an LLC in Colorado online. However, not all of these formation services are the same and not all of them offer high quality service.
It is important that you choose from the right formation services when forming an LLC. Moreover, it is also important to remember that not all of these formation services are the same. This is why you need to compare them first in order to choose the one that will best help you with your needs.
Here are reviews of three Colorado LLC companies that can help you with the formation process.
Our Featured Colorado LLC Services
3 Best Colorado LLC Formation Services (Reviewed)
Although there are a lot of formation services out there that can help you with the formation process, not all of them are reliable. This is why you need to check the reviews first in order to choose an affordable and reliable formation service. Here are our top notch Colorado LLC formation services that you can choose from.
We chose ZenBusiness because it has a number of plan tiers to choose from and businesses can pay for only what they need. This means that small businesses who are on a budget can still have access to great features and functionality to form an LLC in Colorado.
This also means that yearly subscriptions are more affordable compared with those of other companies.
ZenBusiness isn’t just great for small businesses looking to save money. It’s also great for those who want multiple plan tiers to choose from. This means that both seasoned LLCs and those just starting out can have access to the features they need. This is perfect for any business.
#2: NorthWest Registered Agent
Northwest Registered Agent is ideal for those who want to do their LLC registration on their own but don’t mind being walked through the process if needed.
This is especially true for those just starting out as an LLC as they can use the free plan to learn the ropes. In addition, those on a budget can still get access to the features they need in order to form their LLC in Colorado.
Moreover, their customer service team is always available to answer any inquiries and address concerns related to the registration process and the features of the company.
We reviewed LegalZoom because it is one of the best online legal help platforms for entrepreneurs in Colorado. Not only can businesses get an LLC started through this service, but they can get access to a number of other legal services as well. This includes things like business contracts and incorporation advice.
LegalZoom is also perfect for those who are looking for an all-inclusive online legal help platform. This means that people can get more than just an LLC started, but they can also get advice on things like business contracts and incorporation.
Pros & Cons of LLC Formation Services in Colorado
There are many benefits of forming LLCs in the state of Colorado. These include legislatures that provide great liability protection, no double taxation, and many other legal benefits (including limited liability, confidentiality, and flexibility). Colorado LLCs are also flexible in terms of management.
However, there are some limitations to forming an LLC in Colorado as well. These limitations include no provision for multi-member LLCs and the requirement to appoint a resident agent (or other registered agent).
- Great Liability Protection
- No Double Taxation
- Formation flexibility (the LLC is allowed to have just one member)
- Limited Liability and confidentiality
- Some filing requirements (e.g., appointing a registered agent)
- Filing fees, which can be high if the entity is inactive for a period of time
How to Find the Best LLC Services Colorado?
There are many different options for those who want to form an LLC in Colorado and these include: doing it themselves, working with a law firm, or using an online service.
Each of these options will have its own pros and cons, however, hiring a service like one of those above is the best option as it will be least expensive and will still allow you to form your LLC as desired.
So now you know the pros and cons of using an online service for LLC formation, but how can you find a good one? There are several ways you can go about this, but the easiest way is to look for companies that have received ratings and reviews from past clients. If a service provider has received positive reviews, you can feel more confident hiring them.
It is also a good idea to look for an online service that provides their clients with multiple plan tiers (if you want to save money) and that has a good reputation. If the service is affordable, has received positive reviews, and fits your budget, you can be confident that they will offer you a high-quality service.
How to Start an LLC in CO?
Follow these steps to form an LLC in Colorado:
- Determine the name of your new LLC. You may use your own last name if you are the sole member of the LLC, or you may use your business name if it is different than your personal last name.
- Check to ensure that the name is not already in use.
- Open a new bank account for the LLC. You will need to have an Employer Identification Number (EIN) in order to do this.
- Decide on the internal structure of your LLC. You can choose to be taxed as a sole proprietor, partnership, C or S corporation.
- Obtain a federal tax ID number. This can be obtained from the IRS and will act as your LLC’s EIN.
- File the proper documents for your LLC with the Secretary of State. This can be done online when you submit the documents through a service with $50 CO LLC Filing fee.
- Create an LLC operating agreement. This is not required by the state of Colorado, but it will provide you with an internal document that should include things like member capital contributions, withdrawal rights, and any other matters related to the management of your LLC.
Frequently Asked Questions
This is a list of questions that are commonly asked when it comes to filing an LLC in Colorado:
1. How much does forming an LLC in Colorado cost?
The filing fees for an LLC formation in Colorado range from $50-$300. This includes the basic fee of $50, $10 LLC annual report fee, 4.63% of net taxable income if LLC is taxed as a corporation, and a registered agent fee.
2. What is an annual report?
Annual reports are required by the state of Colorado. They must be filed every year where the LLC’s principal office is located and should list the LLC’s registered agent, as well as the registered agent’s address.
3. How long does it take to form an LLC in Colorado?
This varies depending on whether or not you will be hiring a professional service to help you out. If you do not need the help of a service, it may take anywhere from 1-4 weeks to form your LLC. If you hire a service, it will take less than a week.
4. How to get more information on Colorado LLC formation?
Whether you are starting a business or just need an easy way to protect your assets, forming an LLC in Colorado is the perfect solution. We have prepared this comprehensive guide that walks through all of the necessary steps for creating and running your own company with ease!
5. Where is the best place to get Colorado LLC formation forms?
In order to form your LLC in Colorado, you will need to file a document or documents with the Secretary of State where your business is located. This can be done online if you have access to a computer and printer. If not, it might be more cost-effective to hire a professional service to help you with all of this.
Aisha Noreen is a Marketing strategist and content planner with more than 9 years of experience in the industry. With the wisdom of an old soul, she always seeks innovation and mind-blowing ROI techniques. Her unique approach helped many small businesses thrive and she can surprise you in many ways as well. Believe it or not, her energy, passion, and creativity are contagious enough to transform your business and take it to another level.