Registering a partnership in Colorado is as straightforward as can be. Thanks to the streamlined method by which prospectors can complete application forms, it takes a matter of minutes to complete all of the required documentation for forming a partnership in Colorado. There are several options to choose from such as limited partnership (LP), limited liability partnership (LLP), limited liability limited partnership (LLLP), and limited partnership association (LPA). Each of these partnerships must be formed in accordance with the Colorado Revised Statute 7-60-144, and each requires a $50 filing fee if filing a domestic entity or $100 if filing foreign. As stated earlier, due to the electronic nature of the application, the filing fee must be paid electronically.
Before you officially file for formation or authority to transact business, it may be wise to perform a Business Entity Search to ensure that the name you plan on using for your entity is available for use in Colorado. You may also want to reserve your name for a period of 120 days, a filing which is also available on the Secretary of State website.
How to File a Domestic LP/LLLP
Step 1 – Click the Limited Partnership /Limited Liability Limited Partnership link on this webpage to gain access to your filing forms.
Step 3 – You will encounter the actual filing forms on this page. Begin by submitting your partnerships principle office address.
Step 4- Give the full name and address of the registered agent here and indicate that the person appointed has consented to being appointed.
Step 5- Supply the name and address of the general partner here and indicate that there are at least 2 general partners and one limited partner operating the entity.
Step 6- Designate whether you wish to attach additional information, apply a delayed effective date or receive notifications by email.
Step 7- Supply the name and address of the individual filing the document, indicate if there are additional individuals “causing the document to be delivered for filing” and read the disclaimer. Once all information has been submitted, click Submit.
Step 8- The next page will display a PDF of all the information submitted thus far, review it for accuracy and proceed to the payment page. On the final page you will be able to enter your credit card or account information to pay the $50 and officially submit your form for processing.
How to File a Domestic LLP
Step 1 – Click the Limited Liability Partnership (LP) link on this webpage to gain access to your filing forms.
Step 2 – Enter your entity name into the field on this page and click Continue.
Step 3- On this page you can start filling out the application. Begin by supply the principle office address.
Step 4- Provide your registered agents name and address then check the box that indicates that they have accepted the post.
Step 5- Designate whether you wish to attach additional information to this application, whether you wish to have the filing of this document be effective immediately and whether you wish to receive correspondence via email.
Step 6- Provide the name and address of the individual filing the document, indicate if there are additional individuals “causing the document to be delivered for filing” and read the disclaimer. Once all information has been entered, click Submit.
Step 7- Once the application has been completed, you will be able to review your filing on the next page and on the one following you can pay the $50 filing fee by check or through a pre-existing online account. This will mark the completion of the filing process.
How to File a Domestic LPA
Step 1 – Click the Limited partnership association link on this webpage to begin.
Step 2- Here you will be able to enter the entity name you have chosen before clicking Next.
Step 3 – The next step is to begin completing the application forms. Begin by providing the principle office address then supply the registered agent information and indicate that they have accepted the position.
Step 4- Here you will have to accomplish the following:
- Designate the management type by answering the three Yes/No questions
- Designate whether you wish to attach additional information to this application
- Designate whether you wish to have the filing of this document be effective immediately
- Designate whether you wish to receive correspondence via email
Step 5- Give the true name and address of the individual causing the document to be delivered for filing, read the disclaimer and then click Submit. On the next page you will be able to review the filing in PDF format before continuing to the payment page where you will pay the $50 filing fee and officially submit your filing to the Secretary of State.
How to File a Foreign Partnership
Step 1 – Begin by accessing this webpage and clicking the Foreign entity link to advance to the next page.
Step 2 – Conduct the True Name Availability Search by submitting the name of your partnership into the provided field and clicking Search. If the name is available, you will be able to proceed to the next step.
Step 3 – You will have the option here to used an assumed name. Click Continue when ready.
Step 4 – The Statement of Foreign Entity Authority form will be begin by having you select the form (read entity type) and the jurisdiction of initial formation from the drop down menus.
Step 5- Supply your principle office address.
Step 6- The registered agent info should be submitted and their acceptance of the position affirmed by checking the box below the empty fields.
Step 7- Here you can attach additional information, indicate if there is to be a delayed effective date and opt to sign up for email notifications.
Step 8- Finally, enter the true name and address of the individual filing the document, indicate if there are additional individuals “causing the document to be delivered for filing” and read the disclaimer. Once all information has been submitted, click Submit.
Step 9- Review your filing on the next page then proceed to the payment pay to provide the $100 filing fee by credit card or online account. The payment will mark the completion of the filing process and will send the application to the Secretary of State for processing.
Renewal – Each partnership is required to renew each year by submitting what is called a periodic report. The submission of this document will enable you to remain in good standing while updating the Secretary of State of any changes that may have occurred over the previous year. The report must be completed online during the first three months of each new year or else it will be considered late and the filing fee will increase to $50 (from $10). The entire process can be executed in a matter of minutes from the online portal and can be commenced by accessing the record identification or ID search function linked in the heading of this paragraph.
EIN Number – The Internal Revenue Service requires that all partnerships apply for an Employer Identification Number in order to properly report their taxes. An EIN allows businesses to conduct financial activity such as pay employees, apply for credit, open bank accounts, and register for large business loans. To obtain an EIN you can either complete the PDF Document Form SS-4 or visit the IRS Website and do so electronically. The process should only take a few minutes and will not involve a filing fee of any kind.
Partnership Agreement – Adopting a partnership agreement is not a mandatory aspect of forming a partnership. While this may be true, it is greatly recommended that all partnerships take the time to adopt one as it can help avoid problems that may arise in the future. Adopting a partnership agreement allows for a concise and clear agreement to be had between the partners that will dictate the relationship each one has to the partnership and to every other managing member. Click on the heading of this paragraph to access our free template in Adobe PDF and Microsoft Word formatting.