The state of Colorado requires LLCs to file annual reports with the Secretary of State. In Colorado, annual reports are officially called periodic reports. Your business has to file them to remain in good standing and be legally allowed to operate.
What Is a Colorado Annual Report?
An annual report is a document submitted yearly to the Secretary of State through the Business Organizations Department in Colorado. Companies must file periodic reports to provide the state with updated information about their business.
Some of the information contained within the reports includes:
Business entity name
Principal office street address
Principal office mailing address
Filing individual’s names and addresses
Name and address of the registered agent
If you don’t keep up with filing your periodic reports in Colorado, your corporation will become delinquent.
In Colorado, the following business entities are required to file a periodic report:
Corporations
Limited liability companies (LLCs)
Nonprofit organizations
Professional corporations
Professional LLCs
Limited partnerships
Limited liability partnerships
Limited liability limited partnerships
All these entities must file a periodic report every year, whether or not they make any money or carry out any activity. Anyone with authority can file the information without a notary’s signature.
Unless you are subscribed to the email notification service, there are no reminders to file the Colorado annual report. You have to track the due dates on your own to avoid penalties.
In Colorado, the only way to file a periodic report is online. These are the steps to follow:
Visit the Colorado Secretary of State’s website
Find your business entity using the ID or name
Confirm that you are authorized to make changes
Fill in the form
What information is needed in the report?
The periodic report requires that you fill in the following information:
Name and jurisdiction of your business entity
Principal office street address
Principal office mailing address
Registered agent’s name
Registered agent’s street address and mailing address
Notice
Email notification and disclaimer
Individual causing delivery
Once you’ve filled out the fields, review the information and submit it.
Are there any due dates?
Periodic reports in Colorado are to be filed within a five-month period—the two months preceding the anniversary month, the anniversary month, and the two months following the anniversary month. Anything outside that window is late.
Let us assume the formation date of your LLC is June 8th, 2021. Your anniversary month is June. You are due to file a periodic report from April 1st to August 31st.
Are there any costs for filing?
Colorado collects a periodic report filing fee of $10 regardless of the type of business entity you operate.
Are there fees for late filing?
Late filing occurs when you file a periodic report after the deadline. You can file a late periodic report within the first two months following the deadline. The late filing fee is $50.
What happens if I don’t file?
If you don’t file your periodic report, your corporation or LLC becomes delinquent. From then on, you cannot file a periodic report until you get back into good standing status.
To do so, you have to submit a Statement Curing Delinquency with a fee of $100. No matter how many years your corporation has been delinquent, one Statement Curing Delinquency brings it back to good standing status.
You spend a ton of time tracking reports and due dates when you file periodic reports. It becomes complex when you have different entities in Colorado or multiple entities in multiple states formed on other dates.
We can take all the hassle off your shoulders if you let us file your reports. Some of the benefits of working with FastFilings include:
All your periodic reports get filed within the due window
We remind you of upcoming deadlines
All periodic reports are filed electronically in under 5 minutes
We proofread and crosscheck all information to ensure no errors are made
We manage the entire process of tracking due dates and paying necessary fees
Our process is super simple. Fill out an order form and sign the necessary documents. We will take care of all the rest. Contact us today to get started.