If you already have an LLC in another state and want a Colorado LLC, then how to start an LLC would be somewhat different. You must register as a foreign LLC. We have here a guide on how you can qualify and register for a foreign LLC in Colorado.
On this page, you’ll learn about the following:
- Forming an Colorado Foreign LLC
- Steps to Filing Colorado Foreign LLC Online
- After Forming Colorado Foreign LLC
Forming an Colorado Foreign LLC
A foreign LLC does not need to be a company from another country but a business formed under the laws of another state. To start a foreign LLC in Colorado, you need to register it with the Colorado Secretary of State.
Step 1: Choose Colorado Foreign LLC Name
Obtain a name reservation certificate and submit it with your foreign qualification requirements at the Colorado Secretary of State. Your LLC’s legal name outside of Colorado will be listed on the application, along with the name it will use in Colorado. Take note of the requirements for naming your LLC.
Step 2: Select Colorado Foreign LLC Registered Agent
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Step 3: File Registration of Colorado Foreign LLC
Include the following:
- LLC’s full legal name.
- A fictitious name or a DBA (only if your LLC’s legal name is not available); Attach a statement of adoption of the fictitious name signed by all LLC members.
- LLC’s principal office and mailing addresses.
- LLC formation state and date.
- Registered agent’s name and address in Colorado
- Date when your LLC will start operations in Colorado.
- Credit card information on the last page of the form for the $100 application fee.
The LLC cost in Colorado, even for foreign LLCs will differ between online filing and by mail.
Step 4: Determine How Your Colorado Foreign LLC is taxed
Foreign LLCs are also subjected to the Colorado Business Privilege Tax, and they must file LLC annual reports each year.
Note that forming a foreign LLC would be good for your business as you can legally operate in a different state thus reaching a larger market and opening more opportunities for higher profit.
Steps to Filing Colorado Foreign LLC Online
Time needed: 5 minutes.
When you start a foreign LLC registered in Colorado, you need to pay $100 as filing fees. For the online filing process, one has to follow the online filing guidelines. Here’s what you need to do.
- Go to the Official Website
To start the process, visit the Colorado Secretary of State portal. Select the ‘File a Business Document’ from the list given and go to the business document page.
- Create a New Record
To start registering your Colorado foreign LLC, click on the ‘File a form to create a NEW record’ option on your screen.
- File a Form
In this section, you will get a list of business types to form. Select “foreign entity” as you are intended to register an out-of-state entity in Colorado.
- True Name Availability Search
In this section, you need to enter the exact same name of your LLC. In the case of a foreign LLC in Colorado, you have to mention the exact same name of your LLC that is already formed in other states.
- Optional Assumed Entity Name
If you wish to give your foreign LLC in Colorado a new name, then you can select this option. On the other hand, if you want to stick to the exact name of your LLC then select the option “no” and move on to the next section.
- Statement of Foreign Entity Authority
This is the main section of the registration process. You will get the form/statement to fill. Enter all the relevant information related to your LLC and click on the “Submit” button. The following sections are to be filled out:
> Form details
> Principal Address
> Registered Agent information
> Additional Information
> Delayed Date
> Email Address
> Details of the individual who is filing the document
After entering all the information, hit the “Submit” button to go to the payment page
Finally, make the payment of $100 to complete the online registration process for the Foreign LLC in Colorado.
It is convenient plus easy to file for the foreign LLC if you are doing it online. The steps are very easy and that’s why it’s possible to go along with the steps and form the foreign LLC in Colorado.
After Forming Colorado Foreign LLC
Here are added things you need to accomplish after forming your Colorado Foreign LLC
- Obtain Business Licenses. Find the business licenses you’ll need using the Business License Search.
- File LLC annual reports and Business Privilege Tax.
- Pay State Taxes like sales tax; you’ll need an EIN for your LLC.
How Much Does It Cost to Register a Foreign LLC in Colorado
If you want to expand your business to Colorado, you must register a foreign LLC with the Secretary of State. You can do so by filing a Statement of Foreign Entity Authority. To register in Colorado, your company must be foreign-qualified. Otherwise, you will be charged heavy penalties. The fee for this filing is $100, which is higher than the fee for the Articles of Organization. It is nonrefundable.
To register a foreign LLC in Colorado, you must file a Statement of Foreign Entity Authority. This form must be filled out online. You can purchase a blank paper form, but the Colorado Secretary of State does not offer them. You can download sample forms or use the online version of the form. You will need to pay a fee of $100 if you wish to register a foreign LLC in Colorado.
Before you can register your foreign LLC, you must first check whether the name of the entity is already in use in the state. If it does, you will have to register an assumed entity name. You should be aware that the name of the foreign LLC must not already be in use in Colorado. To register a foreign LLC, you must file a Statement of Foreign Entity Authority with the state. You must also submit an annual report of your foreign LLC’s activities.
If your LLC is formed under the laws of another state, it is referred to as a foreign LLC in Colorado.
Businesses incorporated outside of the state where they operate must have “foreign qualifications” issued in the other states.
A domestic LLC is a company registered in Colorado as an LLC. The entity type that has a physical presence in another state is a foreign LLC.