Colorado LLC Annual Report
Once you have formed your Colorado LLC, you must stay on top of your state’s filing deadlines (annual report) in order to stay in good standing and avoid unnecessary fines or penalties.
This article answers the following questions for a Colorado LLC:
What Is a Periodic Report?
In Colorado, a periodic report (also referred to as an annual report) is a regular filing that your LLC must complete every year to update your business information, including:
- Principal office street address
- Principal office mailing address (if different from street address)
- Registered agent name and address
- Filing individuals’ names and addresses
The purpose of this report is to keep your business records up to date with the State of Colorado. This allows creditors and other interested parties to look up your business address in case they need to contact you. The government uses this information to track the payment of your LLC state taxes.
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How Do I File a Periodic Report?
You can file your Colorado LLC periodic report through the Secretary of State website. You must select “File a form for an EXISTING record,” then search for your LLC with the provided business record search.
File Your Colorado Periodic Report
File Online With the Colorado Secretary of State
File OnlineFee: $10
Due Date: The Colorado Secretary of State website lists a business’s periodic report month on its business summary page, which can be found through a business database search. The periodic report can be filed two months before or after the listed month.
Late Filings: Any periodic report received after the deadline will result in a $50 late fee. Further failure to file a periodic report could result in the dissolution of your Colorado LLC.
Should I Use a Registered Agent Service?
A registered agent is a person or business nominated by your company to officially receive and send papers on your behalf. By using a registered agent service, you can ensure that your LLC's reports are always filed on time to the appropriate government agency. Here are the three main advantages to using a registered agent service for your LLC:
- Avoid late filing penalties: The Secretary of State can dissolve a Colorado LLC if it does not file a periodic report. A registered agent service will notify you when reports are due, and they can also submit the filing for you for an additional fee.
- Gain flexibility: A registered agent service can receive and send documents for your LLC during regular business hours so that you don’t have to be on the job from 9 a.m. to 5 p.m. every week. You can also use a registered agent service to form an LLC in other states where you don't already have an established business presence.
- Maintain privacy: Using a registered agent service allows you to keep your personal address off of public records, ensuring your privacy. Additionally, if someone sues your LLC, the lawsuit will be served to the registered agent’s address rather than your place of business.
Learn more about getting a Colorado registered agent by reading our guide.
Recommended: Northwest provides free registered agent service for the first year as part of their LLC packages.