Corporate Name Requirements
* The name must contain the word “corporation,” “company,” “incorporated” or “limited,” or an abbreviation of one of these words. The name must not imply that it is organized for any purpose not stated in this chapter or the articles. 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.
Articles of Incorporation Requirements
Director Information
- Minimum Number – One or more.
- Residence Requirements. – No provision.
- Age Requirements – Natural person, 18 years old.
- Directors are not required to be listed in the articles of incorporation.
Officer Information
- The officers are not required to be listed in the articles of incorporation.
Stock Information
- An increase in shares or par value does not effect initial fees.
Yearly Requirements
Annual Statements
- Domestic corporations must pay $25 every year. A report must be filed with the Secretary of State no later than the second month following the mailing of the report form by the Secretary of State.
- New corporations must file first corporate report in second year succeeding the calendar year in which it was incorporated.
Income Tax Rate
- 4.63% of the net income from sources within Colorado.
For more information on taxes, visit Colorado Department of Revenue
C-Corporation
- Shareholders have limited liability protection
- May be listed and traded as a publiccorporation on the stock market or “over the counter”
- Has a separate and independent tax status from its owners
S Corporation
- Profits are not subject to “double taxation”
- Corporate losses may be “passed through” to share holders
- Shareholders are afforded the same protection as C Corp.
LLC formation
- Contains characteristics of both corporation and partnership
- Shareholders may take advantage of “Pass-Through” taxation
- Limited liability for share holders
Not for profit corp
- Eligible for tax-exempt status
- Limited Liability protection
- Qualify for public and private gains