Colorado LLC Formation

Colorado LLC Formation Attorneys & Lawyers for Hire

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Steven S.

Steven Stark

283 reviews
For over 30 years, Steven Stark has offered counsel to non-profit organizations and private companies. He has a passion for helping small businesses in particular since he himself started several businesses of his own in New York and Florida. He understands the importance of small businesses having a reliable attorney to advise them about legal matters from their inception.
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Richard G.

Richard Gora

157 reviews
Looking for an attorney with experience? Richard Gora is the exact attorney you want. Having defended over 100 cases both in state and federal courts and working with clients from around the globe, Richard has an array of different experiences. His services are wide-ranging and include business litigation, securities litigations, employment litigation, and business counsel. Prior to founding Gora LLC, he worked for Finn, Dixon & Herling LLP for eight years.
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Joshua G.

Joshua Garber

199 reviews
Representing notable clients like Tesla and the City of Los Angeles, Josh Garber excels at helping clients with employment and labor laws. Many of his past clients have had great success using Josh for employment agreements and Division of Labor Standards Enforcement (DLSE) hearings. With his practical advice, he has even helped clients avoid going to court.
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Michael W.

Michael Weinberger

Attorney Michael Weinberger is experienced in all areas of business law and can help new entrepreneurs start their business. He has helped many top businesses with their commercial contracts, commercial leases, and asset purchases. Mr. Weinberger currently works at Becheart Consulting and served 8 years prior to that at a large international franchise. Some of his most notable clients include Drybar, Orange Theory Fitness, and Maui Wowi.
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Stephen M.

Stephen Morgan

5 reviews
Bringing over two decades of experience, Colorado-based attorney Stephen Morgan works in solo private practice in the fields of corporate law, real estate law, consumer financial services and banking law, estate planning, and civil litigation. Previously, he served as legal counsel to several large mortgage banks and also worked in toxic tort litigation. Stephen is licensed in Colorado, Illinois, and Missouri.
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Lee M.

Lee Morehead

Lee Morehead is an attorney at law with over six years of experience. He is licensed to practice law in Colorado and obtained a J.D. degree in law from the Vermont Law School. Lee primarily specializes in real estate law, but he is also exceptionally skilled in dealing with legal matters that involve labor and employment law. Lee has been serving as a senior associate at Otis, Bedingfield & Peters, LLC, since February 2014.
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Beth F.

Beth Felix

2 reviews
Beth Felix is a patent attorney with exceptional skills in dealing with legal matters that involves trademark and copyright law. She was recently licensed to practice law in Colorado and is also a member of the Colorado Patent Bar. Beth attended the Southern Methodist University, where she obtained her Juris Doctor in law. She is also experienced in providing legal assistance to startup companies. Beth has been an attorney at the Eldredge Law Firm since August 2017.
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Matthew B.

Matthew Brockmeier

Matthew Brockmeier is a business lawyer with eight years of experience. He is experienced in a variety of legal practice areas, including labor and employment law, litigation-related issues, intellectual property law and more. He often deals with negotiating, reviewing and drafting commercial contracts. Matthew is licensed to practice law in Colorado and Illinois. Since November 2015, Matthew has been an assistant general counselor at Delta Dental of Colorado.
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Darlene C.

Darlene Cypser

2 reviews
Licensed in both Colorado and New York, Darlene Cypser has over 25 years of legal experience. She is comfortable as the role of advisor or will be your “champion” fighting for you in a range of personal or business areas if you need it. In the past, she has also drafted contracts and operating agreements, real estate contracts, prepared income tax returns, and negotiated leases, to name a few of her services.
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Lucas H.

Lucas Hartley

Lucas Hartley is an attorney at law with more than 12 years’ experience. He primarily specializes in mergers and acquisitions, as well as venture financing, but has experience in a wide range of business-related legal practice areas. Lucas is licensed to practice law in California, New York and Colorado. He obtained his degree in law from the University of Virginia School of Law. Lucas has been a partner attorney at Kinetic Legal since February 2016.
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Why use UpCounsel to form your LLC in Colorado?

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Why use UpCounsel to form an LLC in Colorado

Starting an LLC in Colorado with a business startup attorney on UpCounsel is easy, informative, and cost-effective. In just three simple steps, our LLC attorneys will help you protect your business and personal assets, and help you organize your business for state and federal compliance for limited liability companies.

When forming an LLC in Colorado with UpCounsel, the attorney you choose to help you will conduct a business name search for your Colorado LLC and assist you in preparing your LLC Operating Agreement, along with providing other legal services based on your needs. Once your Articles of Organization have been prepared and successfully filed with the Colorado Secretary of State, your Colorado LLC has been formed and begins its existence as a corporate entity.

Choosing a Company Name for Your LLC

One of the first steps in the process of forming your Colorado Limited Liability Company is to choose your business name.

The business name that you choose must contain the words "limited liability company" or the abbreviation "LLC" or "L.L.C." as the last words in the name of the limited liability company. The words "limited" and "company" may be abbreviated to "Ltd." and "Co.," respectively.

It must be distinguishable (not the same as or deceptively similar to) the name of any Colorado Limited Liability Company or foreign LLC reserved or registered and cannot contain the words "bank," "trust," "trustee,""incorporated," "inc.," corporation," or "corp.," or "insurer" or "insurance company" or any other words suggesting that it is in the business of issuing policies of insurance and assuming insurance risks.

Your LLC name may contain the name of one or more members.

By using UpCounsel, you can choose several business names in order of preference. Your attorney of choice can then conduct a name check for your Colorado Limited Liability Company before filing to see which names are available. Once you have chosen an available name, your chosen LLC attorney can help you properly register your name with the State of Colorado.

Requirements for Forming a Colorado LLC

Articles of Organization: When forming an LLC in Colorado, the Articles of Organization must be filed with the Secretary of State. Colorado state law requires that certain information be included in your Articles of Organization when forming your Colorado LLC.

This information must include:

  1. The LLC name and address.
  2. The purpose of the LLC.
  3. The name and address of the registered agent for service of process on the LLC.
  4. Management type - whether the LLC will be manager-managed or member-managed.
  5. Effective date (if differs from date filed).

Additionally, a Colorado LLC formation generally requires inclusion and/or consideration of the following:

Organizers: One or more people may form a LLC, yet they do not need to be members of the LLC.

Minimum Number of LLC Organizers: One (or more). The Organizer(s) must sign and date the Articles of Organization and include their address.

Eligibility: An organizer may be an individual, partnership, limited partnership, trust, estate, association, corporation, limited liability company, or other entity, whether domestic or foreign.

LLC Operating Agreement: Although not required in Colorado, it is highly advised that LLC members adopt an operating agreement for the company, which may also be amended and repealed as allowed by the agreement or applicable law. The Articles of Organization may contain restrictions or prohibitions on the power of the members to adopt, amend, or repeal an operating agreement. If there is more than one member, any operating agreement shall initially be agreed to, in writing, by all of the members. If you do choose to adopt an operating agreement, it does not have to be filed with the Secretary of State, but should be kept on file by the registered agent.

Membership: A limited liability company must have one or more members.

Eligibility Requirements: A natural person or an entity.

Procedure for Membership: The member may acquire an interest in the LLC directly from the limited liability company at the time of formation and, after formation, at the time provided in and upon compliance with the Articles of Organization or the operating agreement or, if not provided, only upon the vote of a majority in interest of the LLC members, excluding the vote of the person acquiring the membership interest, and only when the person becomes a party to the LLC's operating agreement.

Resident Agent needed for a Colorado LLC

UpCounsel attorneys can also provide your business with a registered agent in Colorado. Every Colorado LLC must have a registered agent in Colorado, which is the person or office designated to receive official state correspondence and notice if the company is "served" with a lawsuit. A Colorado resident, corporation, or a foreign corporation that has the authority to transact business in Colorado may act as a registered agent, as long as they have a physical street address in Colorado.

Colorado Secretary of State

Once you create an LLC in Colorado, the Colorado Secretary of State will require that certain recurring responsibilities and duties be fulfilled. The most important of these are explained below.

For further information, contact the Colorado Secretary of State.

Recurring Responsibilities and Duties for Colorado LLCs

Periodic Report: Each limited liability company shall provide a periodic report to the Colorado Secretary of State regarding its financial condition to each of its members. Your registered agent will be mailed a reminder prior to when your periodic report is due. If your periodic report is not filed on time, your LLC could face fines. The periodic report must be filed online at the Secretary of State's website.

Records: Each Colorado limited liability company must keep the following records open to inspection at its office:

  1. A current list of the full name and last known business or residence address of each member and of each holder of an economic interest in the limited liability company set forth in alphabetical order, together with the contribution and the share in profits and losses of each member and holder of an economic interest.
  2. If the LLC is manager-managed, you will need a current list including the full name and business or residence address of each manager.
  3. A copy of the Articles of Organization and all amendments thereto, together with any powers of attorney pursuant to which the Articles of Organization or any amendments thereto were executed.
  4. Copies of the limited liability company's federal, state, and local income tax or information returns and reports, if any, for the six most recent taxable years
  5. A copy of the LLC's Operating Agreement, if in writing, and any amendments thereto, together with any powers of attorney pursuant to which any written operating agreement or any amendments thereto were executed.
  6. Copies of the limited liability company's financial statements, if any, for the six most recent fiscal years.
  7. The books and records of internal affairs as they relate to the limited liability company for at least the current and past four fiscal years.

Filing Fees for a Colorado LLC

Filing of the Articles of Organization must be made with the Colorado Secretary of State in which the LLC was organized, along with the appropriate state filing fee. The fee for this is $50 and the Articles may be emailed or mailed along with the fee. Keep in mind that fees can be subject to change, so make sure to refer to the Colorado Secretary of State for any updates.

Taxes for a Colorado LLC

Having an LLC in Colorado can offer certain tax advantages over having a corporation, including the availability of more tax deductions. Additionally, an LLC is not required to be a separate tax entity like a corporation; instead, it can be considered a "pass-through entity," so that the owners of the LLC report business losses or profits on their personal tax returns, just like in a partnership.

Federal Income Tax: Unless you elect to tax the limited liability company as a corporation, the IRS will treat a single-member LLC in Colorado as a sole proprietorship for tax purposes. This means that the LLC itself does not have to pay taxes or file a tax return. Unless you elect to tax the limited Liability company as a corporation, the IRS treats multi-member LLCs as partnerships for tax purposes. This means that LLC owners will each need to pay taxes on their lawful share of the profits on their personal income tax returns, not just on the LLC itself. However, if you file IRS Form 8832, you may elect for corporate taxation if you regularly need to keep a substantial amount of your profits in the LLC.

Federal Tax Identification Number: Your LLC will need to obtain a federal tax identification number, which is also known as an Employment Identification Number (EIN). An EIN is similar to an individual's social security number. You will need an EIN for your LLC as long as there is one member, even if the LLC does not have employees. For certain tax filing requirements the attorney you choose on UpCounsel can help prepare your Federal Tax ID Application, if you have not done so already.

Start Your Business Off Right with an Affordable LLC Formation Attorney in Colorado

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