Why Choose Us
What is the process for opening a private Corp in Colorado?
Opening a private Corporation in Colorado involves several steps. These typically include:
- Choosing a unique business name
- Filing the necessary formation documents with the Colorado Secretary of State
- Appointing a registered agent
- Defining the company's structure and operating agreements
- Obtaining any required licenses or permits
- Ensuring compliance with state tax and reporting obligations
For a low, one-time fee our experienced team will handle the creation from start to finish, ensuring an effortless and error-free process.
Should I open a c-corp or s-corp?
When it comes to forming a corporation, two common options are the C Corporation (C Corp) and the S Corporation (S Corp). Both offer unique advantages and disadvantages, catering to different business needs and goals. Most small businesses choose S-Corp designation.
C Corporation (C Corp): A C Corporation is the default corporate structure for businesses. Here are some key characteristics:
- Limited Liability: Shareholders' personal assets are typically protected from the corporation's debts and liabilities.
- Taxation: C Corps are subject to double taxation, where the corporation pays income tax on its profits, and shareholders pay tax on any dividends or capital gains.
- Ownership and Stock: C Corps can have an unlimited number of shareholders and multiple classes of stock.
- Regulatory Requirements: They often have more regulatory requirements and administrative formalities than S Corps.
S Corporation (S Corp): An S Corporation is a specific tax designation that can be applied to a corporation. Here are some key characteristics:
- Pass-Through Taxation: S Corps avoid double taxation. Profits and losses are passed through to shareholders, who report them on their individual tax returns.
- Limited Liability: Like C Corps, shareholders have limited personal liability for the company's debts and obligations.
- Ownership Restrictions: S Corps have restrictions on the number and type of shareholders. They cannot have more than 100 shareholders, and only certain individuals and certain trusts and estates can be shareholders.
- Tax Reporting: S Corps require stricter adherence to corporate formalities and have specific tax reporting requirements.
Do I have to include a designator such as "inc." in my business name?
Yes, here is a list of acceptable designators:
- corporation
- incorporated
- company
- limited
- corp.
- inc.
- co.
- ltd.
Should I form a Colorado Corporation myself?
Probably not. The problem with this option is that a Colorado Corp is not anonymous. This exposes your private information to anyone who cares to look. Most people who are looking are those with legal intentions.
For $125 you will protect your private information, adding a layer of security and making it difficult for anyone to file suit. You will also ensure that all filings are done correctly.
If you still wish to form a Corporation on your own please see our Step-by-step Guide to Forming a Colorado Corp
What is a registered agent?
A registered agent is a designated individual or entity responsible for receiving legal and official documents on behalf of your Colorado business. You need a registered agent to comply with state requirements, ensure timely receipt of important notices, lawsuits, and government correspondence, and maintain your business's privacy by using their address instead of your own.
Does Colorado require a registered agent?
Yes, all registered Colorado business entities require a registered agent.
Beneficial Ownership Filing
Most Corps need to file a Beneficial Ownership Information (BOI) report with the federal government’s Financial Crimes Enforcement Network (FinCEN) as part of an ongoing effort to reduce financial crime in the US.
On your BOI report, you’ll provide the name, address, jurisdiction of formation, and tax ID for your Corp, plus identification information (including photocopies of IDs) for your beneficial owners and company applicants. Unlike your state filings, the information in your BOI report is not made public.
Reports can be submitted online through the Beneficial Ownership Secure System (BOSS), and filing is free.
Due dates: Reporting companies formed on or after January 1, 2024, must file their BOI report within 30 days of company formation, while existing companies must file by January 1, 2025 (and don’t need to provide company applicant info).