Colorado LLC FAQs - Starting an LLC in Colorado

[@llcuniversity]

Hey folks, make sure to check the site for most up-to-date information: www.llcuniversity.com/colorado-llc-faq/. Or select your state and start forming your LLC with our free guides: www.llcuniversity.com/

[@larawhitleystudio]

Thank you for this incredibly empowering service you offer. With your clear, simple instructions, I have learned how this all works, registered my LLC, filed my articles of organization and obtained my EIN. The whole thing -- from first video to EIN -- took 1.5 hours (if that) and cost me just $50. I could not be more pleased or grateful. Thank you, thank you, thank you.

[@llcuniversity]

Hi Lara, this is wonderful to hear! You're very welcome :) Best wishes with your business and new LLC!

[@kristinaasimova601]

Thank you, very helpful!

[@mortician6]

Thanks for this! Probably starting mine at the beginning of 2019. Really good info in this video and on the websit!

[@llcuniversity]

Thanks so much! Sounds like a solid plan :)

[@breakitdownbarneystyle508]

YES! Only video that answered my Real Estate investing question!! Watch out! PropertyDough is coming in hot!

[@llcuniversity]

Awesome to hear that!! Heck yea!

[@brandonallen4725]

Thank you so much it’s been so much help!!

[@llcuniversity]

You're very welcome Brandon!

[@josephmarshall7549]

Such a great and informative video. Thanks a lot!

[@llcuniversity]

You're very welcome!

[@mjlexus24]

Such an excellent resource!

[@llcuniversity]

Thanks Matthew!

[@Iivingston]

Excellent video!

[@llcuniversity]

Thanks Christopher!

[@shariaonline4364]

Dear 1. What are the charges for LLC of Colorado? 2. If we are USA non resident do we have to contact any registered agent for LLC? 3. If we have opened our LLC in Colorado, can we do bussines of Amazon fba wholesale any where in USA? Please guide in this regard.❤❤

[@llcuniversity]

1. Colorado LLCs file an Annual Report (aka Periodic Report) every year. It's $10. 2. Your Colorado LLC needs to have a Registered Agent. This can be a person or a company. 3. Yes, you can use a Colorado LLC for Amazon FBA throughout the entire USA.

[@MrChuntaro]

I live and work in California but my farming business is in Colorado. Where should I file my LLC?

[@llcuniversity]

Since you reside in CA, which has very strict rules, you're doing business in CA (see www.llcuniversity.com/california-llc/doing-business-in-california/). You'll want to look into forming an LLC in CA and registering as a foreign LLC in CO or vice versa.

[@henrytruong8482]

Thank you for this video, What do you mean by filing and paying tax? I thought you do not have to file taxes in colorado, or are these to different things? Thanks

[@llcuniversity]

The LLC does not file a separate tax return federally with the IRS, however, you may owe state and local (county, city, township, etc.) taxes depending on how you make your money, how you're taxed by the IRS, and where your business is located. Hope that helps.

[@henrytruong8482]

Thank you so much! You are the best!

[@llcuniversity]

Thanks Henry!

[@joelriggs4614]

If I'm starting an optometry business, but don't have a location yet, can I use my personal (where i live) address when I register myself as the agent? And then change that address to the business address later?

[@llcuniversity]

Hi Joel, yes, you can certainly be the LLC's Registered Agent and use your home address. And yes, that can later be changed. You can also use that address as the LLC's Principal Office Address and the Mailing Address too... and again, that can be changed later. If it's of concern, that information will be on public record, so if you'd like a different address, you can use the Commercial Registered Agent's address that we mention here: www.llcuniversity.com/colorado-llc/registered-agent/. They'll let you use their address as your Registered Agent, Principal Office, Mailing, Organizer, and Filer's address (there's 5 address fields in the Articles of Organization lol!). And that can be changed later too. To change your Registered Agent info, you'll file a "Statement of Change Changing Registered Agent Information". To change Principal Office info, you'll file "Statement of Change Changing Principal Office Address". OR... both of those can be changed when you file your Periodic Report (www.llcuniversity.com/colorado-llc/periodic-report/). Additionally, because your LLC will be rendering professional services, you'll want to form a Professional Service Company LLC (usually called a "Professional LLC/PLLC" in most other states). Info can be found here: www.sos.state.co.us/pubs/business/FAQs/professionals.html. You'll use the same Articles of Organization as "regular" LLCs, however, you'll need to include a statement as required by the statute governing your Professional Service Company LLC. Hope that helps!

[@loveless6468]

Do I need to have insurance on my LLC

[@llcuniversity]

Hi Schalina, what type of business will you be running?

[@ard007155]

Hi Matt, Thanks for the great and easy to follow info videos! I'm planning on starting a home business so I would be using the same address for the business as well as the registered agent. Should I have my wife or myself as the registered agent? I would be the only person on the LLC.

[@llcuniversity]

Hey Vincent, you're very welcome :) We dive deeper into your Colorado LLC Registered Agent options here: www.llcuniversity.com/colorado-llc/registered-agent/. Hope that helps!

[@Sinaloa8055]

I forgot to add LLC on my EIN number name is that gonna be ok without it or am I gonna have problems?

[@llcuniversity]

You'll want to apply for another EIN and have it done correctly. Then you can cancel the first EIN: www.llcuniversity.com/irs/cancel-ein/

[@willcassity]

Why does the website say "the document you requested ( periodic report ) is not available for this entity"?

[@llcuniversity]

Hi William, it usually means you're trying to file too early. When was your LLC approved?

[@willcassity]

It was approved this year, sounds like I only need to complete the Periodic report in a years time.

[@llcuniversity]

Hey William, you are correct. Your LLC's first Period Report will be due next year :)