Colorado

• Corporate Name Endings
• Corporation Requirements
• Taxes and Fees

• The name must contain the word "Corporation," "Company," "Incorporated," "Limited," or an abbreviation thereof. The name must not imply it is organized for any purpose not stated in its chapter or articles of incorporation. The name must not be the same as or deceptively similar to the name of any domestic or foreign corporation, limited liability company, limited partnership, and other business entities formed in Colorado.

Corporation Requirements

• Director Information
  • Minimum Number - One or more.
  • Residence Requirements - No provision.
  • Age Requirements - Directors must be a natural person at least 18 years of age.
  • Directors are not required to be listed in the articles of incorporation.
  
  
• Officer Information
  • Officers are not required to be listed in the articles of incorporation.
  
  
• Stock Information
  • An increase in shares or par value does not affect initial filing fees.
    
    
• Corporate Records
  • EFFECTIVE SEPTEMBER 1, 2003, the processing fee for all paper-filled periodic reports will be $25.00. The processing fee for all delinquent reports will be $45.00, and the processing fee for reports from suspended LLCs, including the reinstatement fee, will be $150.00. If a periodic report is rejected, we will NO LONGER issue a refund. If you file your periodic report on paper and it is rejected, the non-refundable processing fee is $25.00. If you correct your periodic report and again submit it for filing on paper, it is ANOTER $25.00. It is $25.00 every time we process paper-filed periodic reports, $45.00 every time we process paper-filed delinquent reports, and $150.00 every time we process paper-filed reinstatements of suspended LLCs. However, periodic reports can be E-FILED at the SOS web site, www.sos.stae.co.us, for $10.00, delinquent reports for $30.00, and reinstatements of suspended LLCs for $55.00. You are only charged these processing fees if the system accepts the filings. E-filed reports are "real time" so you can avoid any delays and extra expense caused by miling and/or processing. You may also e-file your periodic report two months earlier than normal (i.e., a fiiler whose periodic report would be sent in September, 2003 can actually e-file on or after July 1, 2003).
    

Taxes and Fees

• Annual Statements
  • Corporations must file an annual report called the Periodic Report. The due date is determined by the original incorporation date of the business entity. The cost for domestic corporations is $10 if e-filed or $25 for paper filings. The cost for foreign corporations is $50 if e-filed or $100 for paper filings.
    
    
• Income Tax Rate
  • The income tax rate is 4.63% of Colorado net income.
    
    
• S Corporation
  • S Corporation status is recognized by the State of Colorado. A separate state election from the federal election is not required.
    
• License Requirements
  • Certain types of businesses in the state are required to obtain a license and pay a fee. The following is partial list.
    • Architects
    • Brokers
    • Chiropractors
    • Dentists
    • Engineers
    • Family therapists
    • Geologists
    • Nurses
    • Optometrists
    • Pharmacists
    • Physical Therapists
    • Veterinarians

  Please check with the state to make sure your business is complying with the license requirements for your particular profession.

For more information on taxes, visit www.dora.state.co.us/financial-services.