Colorado Foreign LLC – Qualification and Registration


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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. 

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

Check name availability at Colorado’s business entity names and reserve your LLC name.

Step 2: Select Colorado Foreign LLC Registered Agent

You’ll need a registered agent to form a foreign LLC in Colorado and take note that a Colorado registered agent must have a local address. Here are three of the best LLC services on our list: 

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Step 3: File Registration of Colorado Foreign LLC 

Fill out and submit a Statement of Foreign Entity Authority via email to [email protected] or by mail to Colorado Department of State, 1700 Broadway Suite 550 Denver, CO 80290.

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.

  1. 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.
    Colorado Foreign LLC step 1

  2. 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.
    Colorado Foreign LLC step 2

  3. 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.
    Colorado Foreign LLC step 3

  4. 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.
    Colorado Foreign LLC step 4

  5. 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.
    Colorado Foreign LLC step 5

  6. 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
    Colorado Foreign LLC step 6

  7. Payment

    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

  1. Obtain Business Licenses. Find the business licenses you’ll need using the Business License Search.
  2. File LLC annual reports and Business Privilege Tax.
  3. 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

To register as a foreign LLC in Colorado, you can file it online by paying $100 to the Colorado Secretary of State

Whether you are interested in forming a foreign LLC in Colorado or are planning to expand your current operations, you should know the costs associated with registering your company. For example, there are fees for filing a Statement of Foreign Entity Authority, which you need to submit to the Secretary of State in order to register your company. If you are not familiar with the process, you should consider hiring a professional to do it for you.

Besides filing the Statement of Foreign Entity Authority, there are a few other steps you need to take. For instance, you should hire a registered agent, who is a legal person who can act as your company’s representative in Colorado. Your registered agent must be registered with the Secretary of State and have a business location in Colorado. He or she must also be able to serve your company’s needs, such as filing documents and maintaining a register of members. If you don’t hire a registered agent, you are at risk of failing to fulfill your state’s requirements and being fined for non-compliance.

You will also need to file an annual Periodic Report with the Secretary of State. The Periodic Report is required by law and is due on the first day of the anniversary month of your company’s formation. You will be notified by the Secretary of State when this is due. In most cases, you will be required to file your Periodic Report online. If you are filing the form offline, you will need to fill out a paper form and pay a filing fee. The fee for the Periodic Report is $10. You can file your report two months before the deadline date if you like. However, if you file after the deadline, you will be assessed a $50 penalty. You will also be required to pay a Business Privilege Tax to the State of Colorado.

You may also be required to register your foreign company’s name. The cost of registering your name is not that much. You can pay up to $25 for a Statement of Reservation of Name form. You can also renew this form for $25 if you need to. You can use this form to reserve the same name for 12 months. You may also be required to file an Assumed Name form.

You can also file an Employer Identification Number (EIN) with the Internal Revenue Service. This is free of charge. You should also look into your state’s requirements to see what licenses and permits you may need. If you need help with these steps, you can hire a lawyer. However, hiring a lawyer can cost you several hundred dollars.

You may also be required to file for other licenses, such as a federal permit or municipal permit. You should consult with a local business licensing guide. In addition, you may need to file for a Certificate of Good Standing to renew your business license.

F.A.Qs

What is a foreign LLC in Colorado?

If your LLC is formed under the laws of another state, it is referred to as a foreign LLC in Colorado.

Do I need a foreign LLC?

Businesses incorporated outside of the state where they operate must have “foreign qualifications” issued in the other states.

What is the main difference between domestic and foreign LLC?

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.

In Conclusion

Starting a foreign LLC in Colorado does not require a lot of documentation or tasks. However, it is always good to seek help from a professional when it comes to running your business. Get a professional registered agent and form your foreign LLC anywhere without a hassle.

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