Colorado LLC Annual Reports: What You Need to Know

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Do you need to file an annual report in Colorado?
Annual reports are required by statute in nearly every state. They provide state agencies with updated information on the entities registered in their state. Your company is required to file annual reports to maintain good standing and continue operating. Failure to file annual reports on time can result in late fees.
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You might be wondering if you have to file an annual report for your LLC if you own a business in Colorado. The short answer is that if you have an LLC in Colorado, you must file an annual report. The procedures for filing an annual report, the frequency of periodic reports, whether Colorado LLC renewals are required annually, and where to file periodic reports are all covered in this article.

How can I file a Colorado LLC annual report?

All LLCs in Colorado are required to submit an annual report to the Secretary of State every year. The anniversary month of the LLC’s establishment or registration is when the annual report is due. Your annual report would be due in May each year, for instance, if your LLC was established in May. Through the website of the Colorado Secretary of State, the annual report may be submitted online. Name of your LLC, primary address, registered agent information, and other pertinent information must be provided.

In Colorado, how frequently do you file a periodic report? LLCs must submit a periodic report to the state of Colorado every two years as well. The anniversary of your LLC and the periodic report are both due in the same month. The Colorado Secretary of State’s website allows for online filing of the periodic report as well. It is crucial to remember that the periodic report does not serve as a replacement for the annual report. To retain the legitimacy of your LLC, both reports must be submitted.

Do I Have to Renew My LLC in Colorado Every Year? In Colorado, your LLC does not need to be renewed yearly. You must submit an annual report every year and a periodic report every two years, though. The Colorado Secretary of State has the authority to administratively dissolve your LLC if you don’t submit these reports on time.

In Colorado, where do I file my periodic report?

As previously noted, the periodic report may be submitted online via the website of the Colorado Secretary of State. Name of your LLC, primary address, registered agent information, and other pertinent information must be provided. The $10 periodic report filing fee is due at the time of filing.

In conclusion, if you operate an LLC in Colorado, you must submit annual and periodic reports on a yearly and every two-year basis, respectively. The Colorado Secretary of State has the authority to administratively dissolve your LLC if you don’t submit these reports on time. The good news is that filing both reports online is simple. To ensure that you don’t miss any deadlines, mark your calendar.