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How to Form an LLC in Colorado (the 5 steps)

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LLC University

LLC University

7 жыл бұрын

➡ Full article: www.llcunivers...
Starting a Colorado LLC: The main reason why people form an LLC in Colorado is to protect your personal assets. A Colorado LLC, or Limited Liability Company, is a type of business entity formed under Colorado law.
An LLC gives you personal liability protection in case your business gets sued. A Colorado LLC can run a business, hold assets (like real estate, boats, planes, and other vehicles), make money, own and lease property, enter into contracts, open a bank account, and sue and be sued.
A Colorado LLC creates a wall of protection between your business and personal assets. Your personal assets are protected in the event your business gets sued. There are 5 steps to forming an LLC in Colorado. They are:
1. Choose a Name for your LLC
2. Select your LLC’s Registered Agent
3. File your LLC’s Articles of Organization
4. Draft and sign your LLC’s Operating Agreement
5. Get your LLC’s EIN (Employer Identification Number)
To make sure your LLC remains in good standing with the State after it’s been formed, you’ll need to:
• Filing your LLC’s Periodic Report (due every year)
• Paying your LLC’s Taxes
Continue reading: www.llcunivers...
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-- QUESTIONS --
Ask any LLC question here: www.llcunivers...
-- DISCLAIMER --
This information is provided for educational purposes only and in no way constitutes legal, tax, or financial advice. For legal, tax, or financial advice specific to your business needs, we encourage you to consult with a licensed attorney and/or CPA in your state.
LLC University® is a registered trademark.
© LLCU IP1, LLC. All rights reserved.
www.llcunivers...
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Пікірлер: 169
@billmaroney5866
@billmaroney5866 4 ай бұрын
Outstanding! Took longer to watch the video than it did to create the LLC. Excellent instruction.
@llcuniversity
@llcuniversity 4 ай бұрын
Haha, nice!! You're welcome :)
@SarahSarah-hu9hu
@SarahSarah-hu9hu 27 күн бұрын
@@llcuniversityI take it these laws are still the same all these years later?? 😅
@llcuniversity
@llcuniversity 26 күн бұрын
@@SarahSarah-hu9hu - Yup! And we keep updated instructions on our website: www.llcuniversity.com/colorado-llc/
@rynobucket
@rynobucket 5 жыл бұрын
This video just saved me a lot of reading and time. Thank you so much for this!
@llcuniversity
@llcuniversity 5 жыл бұрын
You're welcome Ryan! If you like this video, check out our free course on forming a Colorado LLC: www.llcuniversity.com/colorado-llc/ (just follow the lessons in order). Hope that helps man!
@denisem35
@denisem35 6 жыл бұрын
My husband just created his own company and your videos helped US so much!! Thanks for the explanations and examples. Your help literally made it super easy for this new chapter in our lives!
@llcuniversity
@llcuniversity 6 жыл бұрын
Hey Denise! Thank you for such a lovely comment. So happy to hear :) I wish you two all the best with the new business!!
@ShichikiFujiyama
@ShichikiFujiyama 5 жыл бұрын
This video just saved me a lot of anxiety from trying to make sure I did everything correct and checked al the boxes. Thank you so much!!
@llcuniversity
@llcuniversity 5 жыл бұрын
That's awesome to hear Lindzey! You're very welcome :) We have better instructions on our website. More step-by-step. Hope that helps.
@frodiesel0
@frodiesel0 Жыл бұрын
I just created an LLC in Colorado and I received a 49$ credit making it only $1 to start my business prolonging Toyota hybrids in northern Colorado. I know there are certain legal requirements for each city as well. Thanks for this video! You inspired confidence in something I’ve wanted to do the right way for 20years.
@llcuniversity
@llcuniversity Жыл бұрын
Heck yea! That's so great to hear :) And correct... Colorado has temporarily lowered their filing fee to $1. We cover that on our website: www.llcuniversity.com/colorado-llc/costs/
@edcrespo1722
@edcrespo1722 2 жыл бұрын
I had to go through hoops to get this info from other channels that were "helping". Thanks! I feel obligated to give back so the least I could do was to subscribe. I also appreciated you just being you. no bullshit. thanks man
@llcuniversity
@llcuniversity 2 жыл бұрын
Thanks so much Ed! You're very welcome. Glad we could help :)
@llcuniversity
@llcuniversity 6 жыл бұрын
Hey folks, make sure to check the site for most up-to-date information: www.llcuniversity.com/how-to-form-an-llc-in-colorado/. Or select your state and start forming your LLC with our free guides: www.llcuniversity.com/
@boomshakalaka1557
@boomshakalaka1557 5 жыл бұрын
I'm starting a new cleaning business in Denver. This information was so helpful!
@llcuniversity
@llcuniversity 5 жыл бұрын
Awesome!! Glad we could help :)
@boomshakalaka1557
@boomshakalaka1557 5 жыл бұрын
@@llcuniversity 1 more question how much should I charge per square feet for a facility. I wrote up a proposal yesterday for 0.40 per square feet. But I'm not sure if it's right. And I don't wanna lose the bid
@llcuniversity
@llcuniversity 5 жыл бұрын
Is this for commercial or residential? I'm not familiar with the ins and outs of your industry. What's the normal range? Overall though, I'd say don't underprice yourself in business. Focus on direct response marketing (I recommend studying copywriting) and charge a fair price.
@boomshakalaka1557
@boomshakalaka1557 5 жыл бұрын
@@llcuniversity it's a commercial account. This couple bought a restraunt in Estes Park, it's 4,000 square feet and filthy. I can up with 0.40 per square feet which added to 1,800$. That figure gave 36hrs to clean plus I added 200 for supplies, gas and my insurance. I'm Bonded and Insured
@boomshakalaka1557
@boomshakalaka1557 5 жыл бұрын
I'm sorry let me be specific: I own a commercial cleaning company. Precise Cleaning Solutions
@agggggggggh
@agggggggggh 5 жыл бұрын
Thanks to God and your video, I registered my business today! Many blessings to you in the new year! Thank you and my God bless you greatly. :)
@llcuniversity
@llcuniversity 5 жыл бұрын
Fantastic to hear! Thank you, and Happy New Year!
@heathnicholson9047
@heathnicholson9047 5 жыл бұрын
Imagine this gentlemen cranking out 50 of these..
@llcuniversity
@llcuniversity 5 жыл бұрын
Heath, we're getting there! Just been focused on a lot of our written guides on the website. Thanks :)
@leejet2
@leejet2 5 жыл бұрын
This video is everything. I got everything set up from name to EID in like 20 - 30 minutes. So easy. Thanks!
@llcuniversity
@llcuniversity 5 жыл бұрын
That's fantastic!! You're very welcome :)
@donkeyphukkkker
@donkeyphukkkker 4 жыл бұрын
When you said "don't believe all the hype and bullshit" I hit subscribe.
@llcuniversity
@llcuniversity 4 жыл бұрын
Lol, thanks!
@WilliamSurles
@WilliamSurles 6 жыл бұрын
This was awesome. Fast and efficient. Paired with the article with links it was perfect. Got it done.
@llcuniversity
@llcuniversity 6 жыл бұрын
Awesome! Glad to hear William :)
@cameronlundstrom7074
@cameronlundstrom7074 4 жыл бұрын
Thanks, all this information in one spot is a blessing.
@llcuniversity
@llcuniversity 4 жыл бұрын
You're very welcome Cameron!
@user56837
@user56837 2 жыл бұрын
YOU ARE AWESOME! Thank you a bunch, saved my time, Saved my nerves and saved money. I appreciate!! Subscribed 🤝
@llcuniversity
@llcuniversity 2 жыл бұрын
You're very welcome! Happy to hear that :)
@brendacessar759
@brendacessar759 5 жыл бұрын
Wow, thank you so much for sharing this information, you are awesome!!
@llcuniversity
@llcuniversity 5 жыл бұрын
Hey Brenda, you are super welcome! Thanks for your comment!!
@larouxstone5076
@larouxstone5076 3 жыл бұрын
Fantastic, thank you! Very engaging and NOT boring.
@llcuniversity
@llcuniversity 3 жыл бұрын
You're very welcome LaRoux :) Thank you!
@EtudianteAviendah
@EtudianteAviendah 3 жыл бұрын
Fantastic video! Thank you so much for this 'no bullshit' approach! I love it! Keep up the good work! Liked and shared. Love and blessings to all. Namaste
@llcuniversity
@llcuniversity 3 жыл бұрын
Celia! You rock, thank you!! So glad you liked the video :)
@havamayhorowitz3835
@havamayhorowitz3835 5 жыл бұрын
Gosh you have saved me so much time and money. So much gratitude.
@llcuniversity
@llcuniversity 5 жыл бұрын
Awesome to hear that! You're very welcome :) Further details on how to form an LLC in Colorado here: www.llcuniversity.com/colorado-llc/
@LusyKiseleva
@LusyKiseleva 4 жыл бұрын
I opened my Reiki with Lusy Healing Practice in Denver. Your video helped a lot, thank you so much!
@llcuniversity
@llcuniversity 4 жыл бұрын
Hey Lusy, that's awesome to hear! You're very welcome :)
@naturalathleteclinic
@naturalathleteclinic 6 жыл бұрын
Great video, articulate and solid info, thank you!
@llcuniversity
@llcuniversity 6 жыл бұрын
Thank you! You're very welcome :)
@MilehighClub16
@MilehighClub16 3 жыл бұрын
Straight to the point and useful info🙏🏽 great video, thanks bro
@llcuniversity
@llcuniversity 3 жыл бұрын
Thanks so much! You're very welcome :)
@cheeksdafreak3058
@cheeksdafreak3058 2 жыл бұрын
thank you for this video.
@llcuniversity
@llcuniversity 2 жыл бұрын
You're welcome!
@colbyisart
@colbyisart 5 жыл бұрын
Thank you for making this video!
@llcuniversity
@llcuniversity 5 жыл бұрын
You're very welcome!
@BluMoonTarot
@BluMoonTarot 4 жыл бұрын
Thank you
@llcuniversity
@llcuniversity 4 жыл бұрын
You're welcome.
@realsaul00
@realsaul00 2 жыл бұрын
Awesome videos. Thank you so much.
@llcuniversity
@llcuniversity 2 жыл бұрын
Hey Saul, you're very welcome! Thank you :)
@tesspernin4590
@tesspernin4590 2 жыл бұрын
Awesome video, thank you so so much!
@llcuniversity
@llcuniversity 2 жыл бұрын
You're very welcome Tess!
@johnberry1245
@johnberry1245 5 жыл бұрын
Super helpful! Thank you very much!
@llcuniversity
@llcuniversity 5 жыл бұрын
You're very welcome!
@Faithful483
@Faithful483 5 жыл бұрын
Love and appreciate all your videos! All information is clear and to the point, truly awesome, Thank you
@llcuniversity
@llcuniversity 5 жыл бұрын
Thank you so much! Really appreciate that :-)
@Xtremeproducts
@Xtremeproducts 4 жыл бұрын
By far the best video i have seen on KZbin about forming a LLC in Colorado. By any chance do you have any videos about obtaining licenses/permit for an online business (print-on-demand)?
@llcuniversity
@llcuniversity 4 жыл бұрын
Thanks so much! Glad we could help :) We don't have videos on licenses at this time, because there are so many variations. You likely won't need one though for an online business, but the best thing to do is contact your local government agency to check. Such as contacting the city/town and county. Hope that helps.
@Xtremeproducts
@Xtremeproducts 4 жыл бұрын
@@llcuniversity thanks very much for responding. Will do.
@llcuniversity
@llcuniversity 4 жыл бұрын
@@Xtremeproducts - You're welcome :)
@riograul2043
@riograul2043 2 жыл бұрын
Thank you so much
@llcuniversity
@llcuniversity 2 жыл бұрын
You're welcome Rio!
@Mason-kk7ny
@Mason-kk7ny 5 жыл бұрын
Soooo helpful. Thank you!
@llcuniversity
@llcuniversity 5 жыл бұрын
You're very welcome Mason!
@sdchaps
@sdchaps 5 жыл бұрын
Great video. Thank you.
@llcuniversity
@llcuniversity 5 жыл бұрын
You're welcome Seth!
@Bobakradbin
@Bobakradbin 5 жыл бұрын
Thanks super helpful!
@llcuniversity
@llcuniversity 5 жыл бұрын
You're very welcome!
@danielberti5075
@danielberti5075 3 жыл бұрын
Hi Matt! Congratulations for the amazing content! I sent you the other day a message through your website. Please take a look whenever possible, I really need your opinion about some things. Thank you so much!
@llcuniversity
@llcuniversity 3 жыл бұрын
Thanks Daniel! Will do :)
@ariffle9402
@ariffle9402 4 жыл бұрын
Thank you very much.
@llcuniversity
@llcuniversity 4 жыл бұрын
You're welcome Adrienne!
@florespaul
@florespaul 3 жыл бұрын
so how do you start?? like, where are the steps to follow!?
@llcuniversity
@llcuniversity 3 жыл бұрын
Hi Paul, you can find the steps laid out on our website: llcuniversity.com/colorado-llc/
@davidsalisbury1688
@davidsalisbury1688 2 жыл бұрын
Thanks for the vid a lot of helpful info. I currently work at a brewery and I'm trying to set up an employee-owned company to buy it from the current owner. My research revealed basically two paths: the LLC path or the cooperative corporation path. Do you have any thoughts on this? How does the corporation path set up defer from the LLC setup? I'd really like to get in touch and discuss this if you are willing. Thanks again
@llcuniversity
@llcuniversity 2 жыл бұрын
Hi David, we don't specialize in employee-owned organizations, so can't really comment or offer anything of value here. I would certainly chat with a few attorneys who specialize in structuring employee-owned organizations though. Hope that helps.
@JDFY23
@JDFY23 7 ай бұрын
I got my EIN number before the LLC and wasn’t aware I wasn’t registered with the state. What should I do? Do I just get a new EIN number, will that affect taxes or anything ?
@llcuniversity
@llcuniversity 5 ай бұрын
If the LLC was approved with the same name (identical name), you can use the EIN. If they LLC name is different, you can just apply for another EIN. And then cancel the old EIN: www.llcuniversity.com/irs/cancel-ein/
@brayannavarro7577
@brayannavarro7577 3 жыл бұрын
When Filling for LLC, I'm asked to select an ID type, I have one employee so I can't put my SSN, can I?
@llcuniversity
@llcuniversity 3 жыл бұрын
Hy Brayan, I'm not sure what you're referring to. When you form an LLC in Colorado (filing with the state), there is no ID type selection or the need to enter your SSN. When you get an EIN (from the IRS), you'd enter your SSN. We have detailed instructions here: www.llcuniversity.com/colorado-llc/forms/
@davidchacon9547
@davidchacon9547 5 жыл бұрын
Great Video! Thank you... So, after performing all 5 steps to form an LLC in CO as my own agent and with no employees, if I make $0 revenue the first year, would I owe any taxes? (I apologize if this seems like a dumb question)
@llcuniversity
@llcuniversity 5 жыл бұрын
You likely don't owe any taxes, however, you may still need to file a return. You'll need to file a federal return and you may need to file a state return. You'll want to speak to a few accountants, to find one you like, and get a clear picture on what needs to be done. Hope that helps.
@g00bers24
@g00bers24 11 ай бұрын
If you form an LLC through a 3rd party, when or how do you get your EIN?
@llcuniversity
@llcuniversity 5 ай бұрын
They may offer the service to get it for you. Or you can just get it yourself after your LLC is approved.
@salimullahalam819
@salimullahalam819 Жыл бұрын
It's crazy it's just $1 to file llc like super crazy
@llcuniversity
@llcuniversity Жыл бұрын
Yup, the state lowered it's fees recently! www.llcuniversity.com/colorado-llc/costs/
@arslnrs77
@arslnrs77 2 жыл бұрын
Thanks for your awesome video As a f-1 visa can I register an LLC ? If my members are from other countries can they obtain visa by registering an LLC? Thanks again
@llcuniversity
@llcuniversity 2 жыл бұрын
Hi Arth, we aren't sure about all the visa requirements/restrictions at this time, so cannot answer. Thank you for your understanding.
@arslnrs77
@arslnrs77 2 жыл бұрын
Thank you for your answer 🙏
@gacha_gamers2681
@gacha_gamers2681 5 жыл бұрын
The video was very helpful. I am going to get started now, but I do have one question. If you have an LLC, can you be the legal owner and do business under another name and still have the protection? I have known Corporations to have a DBA. I was not sure if you can have a DBA with an LLC
@llcuniversity
@llcuniversity 5 жыл бұрын
Hi Kim, yes, an LLC can operate using a DBA. A DBA is simply a "nickname" for the LLC. A DBA isn't an entity. The LLC is the entity and therefore has the same protection as an LLC without a DBA. Hope that helps.
@faithm.matini6900
@faithm.matini6900 6 жыл бұрын
Great info! I’m wondering, if i use an LLC for my real estate investing, does that affect my credit score? How does that work?
@llcuniversity
@llcuniversity 6 жыл бұрын
Thanks :) It all depends on the details of the bank/lender you are working with, but typically, no, it won't affect your credit score. The loan (if in the name of the LLC) also won't appear on your personal credit report either. Hope that helps.
@faithm.matini6900
@faithm.matini6900 6 жыл бұрын
LLC University absolutely! And so when applying for a loan as a business how do they decide to give you the loan if your credit score is not involved?
@llcuniversity
@llcuniversity 6 жыл бұрын
There are many different factors in the underwriting process, and again, depends on the type of loan, and who it's from. A lot of times, they'll actually run your credit and look at you personally (bank statements, tax returns, person financial statement)... and you might even need to personally guarantee the loan.... but again, not of that gets reported on your credit report. They just look at it all to reduce their own risk. Some will also want to see business tax returns, business bank statements, and other business financials... again, to make sure the loan is safe for them to issue. Best thing to do is call 10 places and start asking for all items them need. It's research time ;-)
@faithm.matini6900
@faithm.matini6900 6 жыл бұрын
LLC University yes it is! Thank you so much for your response and the quality videos you provide!
@llcuniversity
@llcuniversity 6 жыл бұрын
You're very welcome. Thanks for your awesome comments!! Have a great week.
@jimaralindsey5946
@jimaralindsey5946 5 жыл бұрын
Hi, my business partner is in Nebraka. Should we create an LLC on CO and NE under the business name to cover both or just one state? We will be independent contractors under a drop ship company who does not charge sales tax per law they said. I'm assuming we should we still set aside an amount to cover CO tax correct?
@llcuniversity
@llcuniversity 5 жыл бұрын
Hi Jimara, you'll want to speak to an accountant (or a few) regarding where your LLC will have sales tax nexus. There are numerous details. If you're doing business in both states, then the LLC can be formed in one state and then registered as a foreign LLC in the 2nd state. We have those fees here if helpful: www.llcuniversity.com/what-is-a-foreign-llc/
@TheWeekdayWarriors
@TheWeekdayWarriors 5 жыл бұрын
What do you recommend for someone starting an LLC who no longer lives in the US? My business is online but I live in Mexico now. The last state we lived in was CO but we have family in KS so we may move back there in a few years. Does it make sense to form the LLC in CO for now or form it in KS? Would I just re-register it in whatever state I end up moving to to avoid franchise fees? Thanks for all of your advice!
@llcuniversity
@llcuniversity 5 жыл бұрын
Hey Daniel & Rachel, there are typically 3 ways to "move" an LLC, depending on the states. If you form in Colorado and then later transact business in Kansas, you could dissolve the CO LLC and form a KS LLC, register the CO LLC as a foreign LLC (www.llcuniversity.com/what-is-a-foreign-llc/) in KS, or can file a domestication to "move" the CO LLC to KS and then dissolve the CO LLC. I know that's probably a lot to take it. If you know that you will eventually end up in a certain state, it may be easiest to consider filing there. Hope that helps.
@Locdog719
@Locdog719 5 жыл бұрын
Hey guys. Great video! Quick question, I started a business last year, and operated as a sole proprietor. I did not make much money, as it was a side gig. Now I am transitioning into becoming an LLC. How do I properly attach my existing EIN to my LLC? Also can we discuss this somewhere else? Email?
@llcuniversity
@llcuniversity 5 жыл бұрын
Hey Keith, we a guide on changing a Sole Proprietorship to an LLC here: www.llcuniversity.com/change-convert-sole-proprietorship-to-llc/. You'll get a new EIN after your LLC is approved. Hope that helps.
@adaOra76
@adaOra76 2 жыл бұрын
Lost at registered agent part. Is this individual or entity am lost
@llcuniversity
@llcuniversity 2 жыл бұрын
A Registered Agent can be an individual or a company. We have more info here: www.llcuniversity.com/llc-registered-agent/
@bajadream1
@bajadream1 5 жыл бұрын
So when i go to look up the company name that i want with colorado to see if its available it has to have L.L.C at the end?
@llcuniversity
@llcuniversity 5 жыл бұрын
When you form an LLC in Colorado it has to have a designator ("ending"). It must be included. As per Colorado LLC law, the following are allowed: LLC L.L.C. LTD. Limited LTD. Liability Co. LTC. Liability Company Limited Liability Co. Limited Liability Company We have more info on LLC name stuff here: www.llcuniversity.com/colorado-llc/search/
@anthonypita1923
@anthonypita1923 3 жыл бұрын
Question: I have a year with my small business. This year im planning to hire my first employee. Im trying to use payroll with gusto and they asking a my EIN, type (LLC) my entity name ( done) but at the end they asking me about federal filing form ( it says that the irs assigned me a form ( 941 or 944) i have everything except this how or where can o file for this forms? Thank you
@llcuniversity
@llcuniversity 3 жыл бұрын
Hi Anthony, you can call the IRS to check on your filing requirement. 800-829-4933 (option 1, option 1, option 3 to speak to someone). Call at 7am, 7:30am, or 8am for the shortest hold time. You most likely will file Form 940 and Form 941 (not Form 944). You'll also want to ask the IRS about your deposit schedule (ex: monthly, semi-weekly, etc.) as Gusto will ask for this as well. Most businesses with employees file 940 (annually) and 941 (quarterly). 944 is used if the LLC's annual liability for social security, Medicare, and withheld federal income taxes is $1,000 or less for the year. Gusto will actually file Form 940 and Form 941 for you (and any state and local employment tax returns). Hope that helps.
@PosiP
@PosiP 5 жыл бұрын
NorthWest. I use them too
@llcuniversity
@llcuniversity 5 жыл бұрын
Solid√
@michelmpoyi7378
@michelmpoyi7378 5 жыл бұрын
is the LLC an incorporated business ? We need to get into some business but it requires an incorporated business which I can't find on the Colorado secretary of state web site.
@llcuniversity
@llcuniversity 5 жыл бұрын
Typically, an incorporated business is a Corporation, however, the term can also be loosely used to mean any entity. I'd followup on the details and see exactly what they mean.
@Bobakradbin
@Bobakradbin 4 жыл бұрын
Is it required to pay extra and get a certificate of good standing after you have filled Articles of Organization?
@llcuniversity
@llcuniversity 4 жыл бұрын
Hi Bobak, no, you don't have to pay extra for this in Colorado. It's free and can be obtained online from the state's website after your LLC is approved. We have instructions here: www.llcuniversity.com/colorado-llc/certificate-of-good-standing/. Hope that helps.
@matthewwallace1414
@matthewwallace1414 4 жыл бұрын
Hi there. I'm a freelance writer looking to form an LLC see for my writing business. I moved to Colorado from Florida two months ago and while I do hold an address (my apartment) I'm not yet an actual resident of Colorado. I still hold a Florida license, will this affect my ability to form the LLC?
@llcuniversity
@llcuniversity 4 жыл бұрын
Hi Matthew, no, your driver's license is not taken into consideration when forming an LLC. It comes down to where the LLC is primarily transacting business (as in where to decide to form the LLC). So if you moved to Colorado and will operate the business from there, a Colorado LLC is likely the way to go. Hope that helps.
@GummiBearzchan
@GummiBearzchan 5 жыл бұрын
So I’m a little confused. You said that once you file the articles of organization and submit it your lllc is instantly approved. But then you say to make sure your llc is approved before getting your ein number from the irs? So I already filed the articles of organization and got an email saying it’s been filed. Will I get something else later to know it’s been reviewed and approved? Or is it approved right away and I can go ahead and get the llc ein now? Thanks for the reply in advance :)
@llcuniversity
@llcuniversity 5 жыл бұрын
I can see how that is confusing lol. Your Colorado LLC was approved as soon as you submitted your filing online. You can go ahead and get your EIN now. Hope that helps.
@GummiBearzchan
@GummiBearzchan 5 жыл бұрын
LLC University thank you so much!!! I really appreciate it!!! your videos help so much!
@llcuniversity
@llcuniversity 5 жыл бұрын
You're very welcome!! :-) Check out our Colorado LLC course on our site. Things are laid out a little better over there (and the videos are there too): www.llcuniversity.com/colorado-llc/
@ChrisBurrisMusic
@ChrisBurrisMusic 28 күн бұрын
I seen that I can use the Business name as the registered agent if you have a business address for the business name. I want to maintain anonymity like Wyoming or Delaware but in Colorado. Is this true?
@llcuniversity
@llcuniversity 27 күн бұрын
Yes, you can list the LLC as it's own Registered Agent. However, if you're looking for anonymity with a CO LLC, you'll want to also consider the addresses used throughout your filing and who signs the document (referred to as the LLC Organizer). There are a ton of addresses in CO filings (RA address, principal office, mailing, person forming, and person signing). I recommend hiring a Registered Agent that allows you to use their address as a business address throughout the Articles of Organization. And one that will sign your Articles of Organization for you (and your Periodic Report due every year). We recommend hiring Northwest Registered Agent for this. More info here: www.llcuniversity.com/reviews/northwest-registered-agent-llc/
@ChrisBurrisMusic
@ChrisBurrisMusic 27 күн бұрын
@@llcuniversity thank you this helps me a lot. I don't want ppl to find me once I start a few businesses. Do you have any videos on building your business structure? Like how to build a family trust, then putting a holding company into a family trust, then putting the LLC into the holding company within the Family trust, then starting a LLC that leases all the trademarks, slogans etc to the LLC, so that my main LLC does own anything. If that makes sense. I'm trying to understand all of it before I do anything.
@llcuniversity
@llcuniversity 27 күн бұрын
@@ChrisBurrisMusic - We don't have videos on this, however, you'd create the Trust first. We have attorney recommendations here (www.llcuniversity.com/recommends/asset-protection-and-estate-planning-attorneys/). Once the Trust is created, you then forming the first LLC (the holding company). And you list the Member of Holding Co LLC as the Trust. Then when you form the first child/subsidiary LLC, you make the Member of the child/subsidiary LLC the Holding Co LLC. That's the overview. In terms of IP, you can make the IP owned by a child LLC, then the child LLC licenses the IP to another child LLC (also owned by the Holding Co). Keep in mind each LLC will needs its own EIN, Operating Agreement, bank account, etc. So it's a lot of admin. work. So it's a balance of asset protection with not going overkill and drowning yourself in admin/paperwork/logistics/organizational work. Hope that helps a bit :)
@ChrisBurrisMusic
@ChrisBurrisMusic 27 күн бұрын
@@llcuniversity this is perfect thank you very much! Very very helpful! Trying to build generational wealth for my family and get out of a cycle of decades worth of hardship and low socioeconomic status! Take care, sir.
@llcuniversity
@llcuniversity 26 күн бұрын
Love to hear it! You too :)
@charvasq8615
@charvasq8615 3 жыл бұрын
I'm getting ready to form my LLC in Colorado. I was told i also need to complete a Statement of Trade Name, which registers my business name. Is this the same thing.
@llcuniversity
@llcuniversity 3 жыл бұрын
Hi Char, that is incorrect. If you are forming an LLC, you don't need a Trade Name (aka DBA, aka Fictitious Name) unless you want your LLC to operate and do business under a name other than its true and legal name. We have more details on this here: www.llcuniversity.com/dba/do-i-need-to-file-a-dba/. Hope that helps!
@charvasq8615
@charvasq8615 3 жыл бұрын
Thank you, appreciate all you do.
@llcuniversity
@llcuniversity 3 жыл бұрын
Thanks Char! You're welcome :)
@RunArunRun
@RunArunRun 6 жыл бұрын
If i pay for registered agent services, they they do the whole 9 yards?
@llcuniversity
@llcuniversity 6 жыл бұрын
Usually not unless you pay for more besides the Registered Agent services. And it all depends on the company too - as they all do things differently. We have recommendations on Registered Agents here: www.llcuniversity.com/llc-registered-agent/. Hope that helps!
@breakitdownbarneystyle508
@breakitdownbarneystyle508 5 жыл бұрын
You the bomb!
@llcuniversity
@llcuniversity 5 жыл бұрын
Aw, thanks!!
@rupy1125
@rupy1125 Жыл бұрын
Maybe it was $50 back in 2016 but I registered my LLC in CO for $1 on 2022
@llcuniversity
@llcuniversity Жыл бұрын
You're correct. The state temporarily lowered the filing fee: www.llcuniversity.com/colorado-llc/costs/
@rupy1125
@rupy1125 Жыл бұрын
​@@llcuniversity Thanks for the help! I received three letters - 1. Good Standing rRquest Form, fee of $70 2. Safery Manual Order Form, fee of $295 3. Labor Law Comliance Notice, fee of $108 The first one I think I have to do, and I have malled in the check for $70. Do you know if I have to have # 2 & 3 also?
@llcuniversity
@llcuniversity Жыл бұрын
@@rupy1125 - That all sounds like junk/spam mail. Look closely at the letter(s)... it should say "we are not the government" and "this is not a bill". Do you see that?
@rupy1125
@rupy1125 Жыл бұрын
​@@llcuniversity OMG you are right! Now that I've read the fine print, they all say things like "optional", "non-government". But they almost had me with the bold warning signs like "required by federal law", "fines uptp $7000" .
@llcuniversity
@llcuniversity Жыл бұрын
@@rupy1125 - Yeah, they are BS. I can't stand them. It's border line a scam. Luckily you didn't send them any money.
@T25de
@T25de 2 жыл бұрын
$50 Why not start at least one for fun lol
@llcuniversity
@llcuniversity 2 жыл бұрын
I like the way you think!
@rio7631
@rio7631 4 жыл бұрын
This video could have been two minutes long.
@llcuniversity
@llcuniversity 4 жыл бұрын
Noted. Thanks for the feedback. We'll do a better job at getting straight to the point and keeping things more brief going forward. Thank you for your comment.
@Dubnot
@Dubnot 6 жыл бұрын
I was convinced until the foul language.
@llcuniversity
@llcuniversity 6 жыл бұрын
Apologies about that Bill. I used to curse when I got passionate. Admittedly, not a good habit. I removed the foul language going forward in all new videos. Thank you for taking the time to leave your comment and sorry for letting you down.
@NomadicNV
@NomadicNV 6 жыл бұрын
I just set up my LLC, I used all your videos to help me out. You're great! Your content is very sound. There will always be sensitive crybabies out there. Don't change a thing. Its your video, and your style. Please.. carry on as you would. Don't mind the girlscouts.
@Dubnot
@Dubnot 6 жыл бұрын
I was kidding. However, your videos and explanations are great. There are still plenty of old timers that control the money and that would offend them.
@llcuniversity
@llcuniversity 6 жыл бұрын
Thanks so much Nick :) I appreciate the kind words and glad to hear we could help!
@llcuniversity
@llcuniversity 6 жыл бұрын
Thanks Bill! Still, your feedback is sound. It's best to leave it out (while leaving in the passion)... it'll help us reach a wider audience.
@caachavideo
@caachavideo Жыл бұрын
Some mailing address recommend fro.Colorado? I use "shipito" from California and that was free to open the llc. But on Colorado look like there is nothing similar.
@llcuniversity
@llcuniversity Жыл бұрын
Hey Fred, can you rephrase your question please. I don't fully understand. Thanks.
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