If you take the proper precautions, forming an LLC in Denver can be a simple procedure. A common business structure that offers owners limited liability protection and management flexibility is an LLC, or limited liability company. How to form an LLC in Denver is as follows:
Step 1: Select Your LLC Name Choosing an original name for your company is the first step in forming an LLC in Denver. All other business names registered with the Colorado Secretary of State must be recognizable from your LLC name. To check if your selected name is available, use the Colorado Secretary of State’s website to look for already-used business names.
Step 2: Submit Articles of Incorporation Articles of Organization must then be submitted to the Colorado Secretary of State. Online or mail-in filing is an option. Along with other information, the Articles of Organization document include information on your LLC’s name, members, and registered agent. When you submit your articles of organization, you’ll have to pay a $50 filing fee.
The third step is to apply for an EIN. Employer Identification Numbers, or EINs, are special nine-digit numbers given out by the IRS to identify your company for tax-related purposes. To open a business bank account, file taxes, and recruit staff, you’ll need an EIN. You can submit an online application on the IRS website to obtain an EIN. Applying for an EIN doesn’t cost anything.
You might need to acquire extra business licenses and permits to operate legally in Denver, depending on your sector and location. To find out the licenses and permits you require for your particular business, contact the Department of Excise and Licenses of the City and County of Denver. Does the state require sole proprietors to register?
Colorado does not require sole proprietors to register with the state. The Colorado Secretary of State must be notified if you operate your business under a name other than your legal name and you wish to register it as a trade name. Your trade name can be registered online or by mail. A trade name registration costs $20. Do I Need to Fill Out an Application to Be a Sole Proprietor?
In order to become a sole owner, you do not need to apply. You are immediately regarded as a sole proprietorship if you are a business’s lone owner and you haven’t established a legal business entity. It’s crucial to remember that, as a sole proprietor, you are personally responsible for the company’s debts and obligations.
In Colorado, an EIN is required for your LLC. To open a business bank account, file taxes, and recruit staff, you need an EIN. On the IRS website, you can submit an online application for an EIN.
No cost is required to request an EIN number. The IRS website offers online, postal, and fax applications for EINs.
You can submit an online application through the IRS website to obtain an EIN for an LLC in Colorado. As an alternative, you can submit your application via mail or fax by completing Form SS-4 and forwarding it to the relevant IRS office. The responsible party’s name, social security number, or individual taxpayer identification number must be included together with the LLC’s name and address. After receiving your EIN, you can use it to register for taxes, create a bank account, and carry out other business-related tasks.