You might be thinking about creating a company if you’re launching a business in Colorado. A corporation’s owners are protected from personal culpability because it is a separate legal entity from them. A step-by-step tutorial for creating a corporation in Colorado is provided here. First, decide on a name for your company. A corporate identifier, such as “Corporation,” “Incorporated,” or an acronym of one of those phrases, must appear in your name. On the website of the Colorado Secretary of State, you can determine whether your selected name is available. 2. Submit Articles of Incorporation to the Secretary of State’s office in Colorado. Online or mail-in filing is an option. A $20 expedited processing cost is an additional option on top of the $50 filing price. Your corporation’s name, address, registered agent, purpose, and other information must be listed in your articles of incorporation. The Internal Revenue Service (IRS) can provide you with an Employer Identification Number (EIN). EIN applications can be submitted online, by mail, fax, or phone. If your business employs people, deducts taxes from earnings, or files tax returns, you’ll need an EIN. 4. Sign up to pay state taxes. You might need to register for state taxes like sales tax, use tax, or withholding tax depending on the type of business you run. The Colorado Department of Revenue offers an online registration process. 5. Acquire any necessary licenses and permits. You might need to apply for a number of licenses and permissions from state and municipal organizations depending on your business operations. Visit the Colorado Business Express website for more details.
Yes, you can use the EIN Assistant service provided by the IRS to seek up an EIN number online. This tool was created to make it easier for people to find their EINs or to check the EINs of others. The legal name of the company or person who holds the EIN is one of the details you must submit.
Your bank or other financial institution will normally provide you a business account number. On your bank statements or by going into your online banking account, you can find your account number. You can ask the customer care team at your bank for help if you’re unsure of where to find your account number.
The type of trademark application you submit and the number of classes of goods or services you wish to protect can affect how much it costs to register a name in Colorado. A Colorado state trademark application costs $30 to $180 to file, depending on the class of products or services. The costs for applying for federal trademark protection vary from $225 to $400 per class of products or services.
How long can a company name be held in reserve? By submitting a Name Reservation Request to the Secretary of State’s office, you can reserve a company name in Colorado for a period of up to 120 days. There is a $25 filing fee. This can be useful if you want to make sure that your selected name is accessible but aren’t yet prepared to file your articles of incorporation.