What Does It Cost to File a Trade Name in Colorado?

Choosing a name for your business is one of the first stages in launching a venture in Colorado. When you have chosen a name for your business, you might wish to register it as a trade name or trademark to safeguard your reputation and stop others from using it. In light of this, one may wonder how much it would cost to register a trade name in Colorado.

A trade name filing in Colorado costs $20 for each name. Any business that wants to use a name that is different from the owner’s legal name must pay this charge to the Colorado Secretary of State. Following the filing of a trade name, you have five years to use the name in the state of Colorado before you need to renew the registration.

It’s crucial to understand that registering a trade name differs from registering a trademark. A trademark, which is registered with the United States Patent and Trademark Office (USPTO), offers countrywide protection for your brand while a trade name only protects it inside the state of Colorado. Depending on the type of trademark and the use of an attorney, the cost to register a trademark in Colorado can range from $225 to $400 per class.

You might also need to register your business with the state of Colorado if you intend to run a business there. Depending on the form of company you select—a single proprietorship, partnership, LLC, or corporation—the fee to establish a business in Colorado varies. While other corporations can have higher expenses, Colorado’s LLC registration costs $50.

A business strategy, funding, and any required licenses and permissions are a few additional items you might need when beginning a small business in Colorado. While finance can help you pay for beginning fees and continuing expenses, a business plan explains your objectives and winning tactics. Depending on the kind of business you intend to operate, you might also need to apply for licenses and permits from the state or local government.

Lastly, you might be debating between an LLC and a sole proprietorship when choosing what kind of entity to register your firm as. The simplest and least expensive choice is a sole proprietorship, but it does not provide the same amount of legal protection as an LLC. An LLC makes business expansion and financing alternatives easier while also protecting the owner’s personal assets from responsibility.

In conclusion, the cost to register a trademark in Colorado varies based on the type of trademark and the use of an attorney, whereas the fee to file a trade name is $20 per name. Depending on the type of corporation, there are different requirements for registering a business in Colorado. Small business owners may also need a business strategy, finance, and the required licenses and permissions. It’s crucial to take future expansion potential and legal protection into account when choosing a business entity.