Colorado remains an increasingly popular destination for business owners. Between the scenic vistas of the Rocky Mountains and a business-friendly climate that routinely attracts top talent from all over the country, Colorado has a lot to offer entrepreneurs of all stripes. Whether you are a newly-minted Colorado resident or a lifelong citizen, there are not many better places to form a business. As you enter the long and sometimes challenging planning phase of mapping out your business, you will be faced with a litany of important decisions. From developing a marketing plan to leasing office space, you will have a number of important matters to sort out before opening your doors for business. You may also want to weigh the pros and cons of incorporating your business by completing Colorado corporation forms using our online templates.
How you legally structure your business will ultimately depend on your goals and needs. For some, the simplicity of a sole proprietorship is satisfactory for their line of work. Others may opt for the legal protections afforded by a limited liability company (LLC) or limited liability partnership (LLP). In some cases, though, having the ability to generate quick capital via the issuance of stock has an understandable appeal, and in that scenario, forming a corporation can make a lot of sense. Read on to learn a bit about what a corporation is, as well as what is required for forming one in Colorado.
How to Complete Colorado Corporation Forms
At a fundamental level, establishing a corporation separates your business as its own legal entity. A corporation enjoys many of the same rights as an individual, in that it can hire and terminate employees, own land or property, and pay taxes. Depending on the specific corporate structure, incorporating your business can also grant you “pass-through” status with the Internal Revenue Service (IRS), meaning that profits generated by your business are not taxed until they pass through to the incorporators. This allows you to circumvent being taxed “twice”, in some situations.
If you have done the necessary research and decided that a corporation is right for your business needs, you will have to complete some paperwork with the state of Colorado. First, you should select a corporate name that is not already registered with the Secretary of State’s office. Then, you will need to file your articles of incorporation. This document should include some basic information about your business, including its name and address. You will also need to offer some details about your incorporators, and your registered agent. Colorado also asks that you provide the number of shares that you plan to issue. You can submit your articles of incorporation online by using our easy-to-complete web forms.
Get the Forms You Need on Our Site
Whether you want to start a corporation or an LLC in Colorado–or any of the other 49 states–we can help. At Corporation Center, we have all the web forms you need on one convenient website. To learn more about our services and how we can help you, visit our helpful Frequently Asked Questions page, our website or contact us by email or phone today.