This tutorial will provide you with all the information needed to register a new corporation in the state of Colorado. The application forms can only be submitted electronically as at this time there is no paper filing option for business representatives. Below we’ve covered the registration process for both profit and nonprofit corporations and both procedures have been made extremely simple due to the efficiency of the Secretary of State website. The filing fee of $50 must be paid by credit card online and will apply to all domestic entity types.
When registering a new business, it is important that the chosen name is distinguishable from that of any other entity on file with the Secretary of State. For this reason, it is wise to perform a name availability search prior to filing your formation documents. You may, at this juncture, perform a Name Reservation if you’ve settled on a name and additional time is needed to prepare for formation. A reservation will last for a total of 120 days and will cost $25.
How to File a Profit Corporation
Step 1 – First, navigate to this webpage and click the Profit Corporation link to proceed to the next step.
Step 2- Enter the exact name you plan on operating under in Colorado into the provided field and click Next.
Step 3- Begin filling-out the Article of Incorporation form to the best of your abilities. The first few fields will have you submitting your principle office address.
Step 4- Next, supply the registered agents name and the registered agent address. Be sure that the individual or entity serving as your registered agent as consented to such an appointment. If they have, you can check the box below the address fields.
Step 5- Provide here the name and address of the incorporator and the number of shares the corporation is authorized to issue. You must also indicate if the entity is issuing common shares or will issue more than one class of shares.
Step 6- Here you can do the following:
- Designate whether there is additional information added as an attachment to this document
- Designate whether you wish to delay the filing of this document
- Designate whether you wish to receive correspondence via email
Step 7- Finally you can provide this data before clicking Submit:
- True name of the individual causing this document to be delivered for filing
- True mailing address of the individual causing this document to be delivered for filing
Step 8- On the following page you will be required to pay the $50 filing fee. Once this is completed you will simply have to wait for approval or rejection of your application. The processing time for these applications is anywhere between 5 to 15 business days.
How to File a Nonprofit Corporation
Step 1– Begin by navigating to this webpage and clicking the Nonprofit Corporation link to proceed.
Step 2 – Enter the name you plan on operating under for the duration of your term in Colorado. If you wish, you can click search the business database to inquire about its availability.
Step 3 – Here you will be given access to the Articles of Incorporation. The first section will have you submitting your principle office address.
Step 4- You will next need to supply the following:
- The full name of the registered agent
- The full address of the registered agent
- Indication that the appointed registered agent has consented to being appointed
Step 5– Here you can enter the true name and address of the incorporator. You will also need to indicate whether or not the entity will have one or more additional incorporators and whether the entity will be voting members.
Step 6– You will also need to do the following:
- Designate the distribution of assets
- Designate whether additional information is to be included in an attachment
- Designate whether you wish to have the filing take effect immediately
Step 7- Here you can designate whether you wish to correspond via email and you can submit the name and address of the individual causing the document to be delivered for filing (most likely you). Below this, read the disclaimer and click submit to advance to the next step.
Step 8 – On the following page you will be presented with the PDF of your completed form. If all information seems to be accurate, you will be able to proceed to the payment page and either submit your credit card information or provide your member account info to pay the $50 filing fee.
EIN – An Employer Identification Number is issued by the IRS to each employer operating legally within the United States. It is used to recognize entities reporting withheld taxes on their employees. Without an EIN your entity will not be able to pay employees, open bank accounts, or apply for credit cards. Thankfully, an EIN can be obtained by completing the PDF Document Form SS-4 or by visiting the IRS Website and completing the form there.
Corporate Bylaw – According to CRS 7-102-101, it is mandatory for all corporations to adopt a corporate bylaw when forming in the state of Colorado. Doing so will provide a set of rules and regulations as to how the corporation is to function and interact with the employees, managers, and owners. Essentially this agreement will act as the only document dictating the manner in which the internal affairs of the company are to be organized. A free template can be found linked in the heading of this paragraph, available in both MS Word and Adobe PDF formatting.
Renewal – Renewing your business in Colorado is relatively pain free. All you have to do is submit a periodic report during the first three months of every new year and you can maintain the status of in good standing with the Colorado Secretary of State. The report can, like every other filing, be submitted electronically through the government portal. Click on the link at the heading of this paragraph to access the record identification or ID search where you will be able to enter the name of your entity and in no time up date the Secretary of State of all the requisite information.