State Information

Colorado

Selecting the Colorado Corporation or LLC Name

When selecting a name for your Colorado corporation, it should be remembered that the name will be unique and will identify you as a separate entity transacting business in the state. The name of a corporation must end with “Incorporated,” “Corporation,” “Corp” or “Inc.”. When developing a name for a limited liability company it must end with “Limited Liability Company” or “LLC”.

Since the name will be identifying your corporation or LLC as a unique entity within Colorado, the name will not be accepted if it is likely to mislead the public or if it too closely resembles the name of another corporation or LLC formed in Colorado.

Do not use any type of punctuation such as dashes, periods, exclamation points or commas in name selection. It is advantageous to try to name your corporation or LLC so that it identifies with the goods or services you provide, but this is not required.

Selecting a Board of Directors

A corporation can have several members as directors but is only required to have one. Since the board is responsible for managing the corporation, it is suggested that the board be comprised of individuals that are officers or shareholders who have some type of daily involvement with the corporation. The minimum age requirement for a director in Colorado is 18.

Colorado Taxes

Corporations formed within Colorado are expected to file the Colorado Corporation Income Tax return, Form CO 112 or Form CO 106 annually, whether a “C” or “S” corporation. The amount of tax is dependent on a number of factors and there is no minimum amount due.

An LLC within Colorado is required to file as either a corporation or a partnership dependent on the election made on the SS-4. Colorado maintains an individual income tax so employers are expected to withhold state income tax and unemployment tax. Colorado maintains a sales and use tax with the rate being 2.9% plus any applicable county and city rates.

Registered Agent

The registered agent must have a physical street address within Colorado state. PO boxes are not acceptable, within Colorado.

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