To maintain your legal right to use your trade name as a business owner in Colorado, it’s crucial to keep it current. The procedure of renewing your trade name is simple and just requires that you follow a few easy steps. We will walk you through the procedure of renewing your trade name in Colorado in this article.
Step 1: Verify the Renewal Date Checking your renewal date is the first step in renewing your trade name in Colorado. In Colorado, trade names must be renewed every five years. By using the company database of the Colorado Secretary of State, you can locate your renewal date. You must submit a fresh application to register your trade name if it has already expired.
Fill out the Renewal Form in Step 2 You must fill out the renewal form after figuring out the renewal date. The website of the Colorado Secretary of State contains a link to this form. You must list your trade name, the type of entity it belongs to, and the date your trade name was first registered.
Pay the Renewal Fee in Step 3 You must pay the renewal charge after completing the renewal form. In Colorado, the renewal charge for a trade name is $25. Payment options include sending a check or money order by mail or paying online with a credit card or electronic check.
Fourth Step: Submit the Renewal Form Finally, you must deliver the Renewal Form and money to the Secretary of State’s office in Colorado. Include a self-addressed, stamped envelope with your renewal application if you are mailing it in so that the Secretary of State’s office can send you a confirmation of your renewal. Reporting Categories in Colorado
There are four different sorts of reports that companies in Colorado might need to submit. These comprise the Annual Report, Periodic Report, Change Statement, and Correction Statement. The Annual Report is submitted each year and contains the most recent data about your company. Every two years, you must file a periodic report with the Colorado Secretary of State to update the information about your company. When there is a change to the information about your company, including a change in ownership or address, the Statement of Change must be filed. In order to correct any mistakes or omissions in previously submitted documents, a Statement of Correction is lastly filed. * * * Verdict * * In order to renew your trade name in Colorado, you must fill out a Renewal Form, pay the renewal money, and submit the form to the Secretary of State’s office of Colorado. To avoid fines or legal repercussions, make sure to verify your renewal date and submit your renewal on time. Additionally, based on their specific circumstances and business structure, companies in Colorado may be required to file one of four types of reports. You can make sure that your company complies with Colorado state law by keeping up with these standards.